Brent (UKOIL) - Targets For The Next 2 Days: 77.81$ to 78.95$

After failing my targets for today, I am pushing them with some slight modifications for the next couple of days. The day covered action between the 0.382 and 0.618 retracement levels of B to C, and finished right above the 0.618 of 5 to C. My target zone is now between the level 1 of B to C, 0.618 & 0.786 of 5 to C, and the 0.236 extension of 1 to 5. A reversed H&S also seems to be forming. Mid-term analysis remains in play, I think we are already the first impulse wave of a new cycle which should take us above 80$ again.

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Or the exact opposite. Fail!