Hello guys!

Brent crude has dropped below $80 amid ongoing negotiations over the Strait of Hormuz and easing geopolitical tensions in the Middle East!

However, it looks like we're simply in an Elliott Wave ABC correction - and once wave C completes, we should enter the next bullish leg, pushing prices back toward $100!

Plus, a positive divergence is forming on the RSI oscillator!

NFA-DYOR