Brent Crude Could Have Started Another Drop to 36.99

アップデート済
The price failed to tag the former top of 43.40, but it's ok and the huge flat correction goes as planned (see related).
We got move down and almost full retracement of it in place. Another drop is pending to complete the correction.
The minimum target is located at the former low of 36.99.
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It's good to see both benchmarks of oil as WTI already tagged the former top
while Brent couldn't.
ノート
The wave (C) of ((X)) could be an Ending diagonal
It could still tag 43.40 to make a classic flat
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ノート
Update
The ending diagonal wave (C) of ((X)) played out as expected. The price finally tagged and even overlapped the wave (((3))) terminal point above 43.40.
The price fell out of diagonal. The drop's target should be adjusted later.
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BCOUSDbrentBRN1!Crude Oil Futures WTI (CL1!)crudeOilCrude Oil BrentCrude OilCrude Oil WTIWave Analysis

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