 Welcome traders to another Tickmill wave analysis session with me, Patrick Munley. Want to draw your attention to the sequence that is playing out in oil on the daily time frame in the March loaders, we can see a nice one to potential third wave high in place here at 6806. Whilst we hold 6704 now as resistance, I'm looking for an ABC equality objective to test 5629 and the equal legs and we have this trend line also coming in here so watch with bullish reversal patterns there to set long positions targeting a wave 5 objective up towards 7880. To get into play the C wave here I've been looking for a breach of the 63 level to set short positions targeting this 56 area before looking to reverse on the long side. As always traders plan the trade, trade the plan, manage your risk.