Crude oil Buy / Sell Based on Fibo and Gann INTRADAYSell crude oil at 4568
stop loss 4593
Target 4473
Crudewti
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYsell crude oil at 4270
stop loss at 4283
target 4219
Crude oil Buy / Sell Based on Fibo and Gann INTRADAYbuy crude oil at 4103
stop loss 3080
Target 4185
CRUDE ON BUY TREND Position Long Trend Line reversal cum Hammer in 1 hr confirmed by green candle, buy btw 58.90-59.30 hold for 1 week target of 63.10..
stoploss point 58.20 on day closing..
USOIL Breakout Strong Resistance - LongUSOIL looking out to break the strong resistance of 51.65 level. Once if the price break the 51.65 level the further uptrend may come upto 61.15 level.
It's a short term recommendation.
Trade:
Buy above = 51.70
Target 1 = 56.60
Target 2 = 61.05
Stop Loss = 45.00
Total Reward Points = 9.35
Risk Points = 6.7
Crude oil - In depth Elliott wave analysisGreetings oil traders,
As you can see from the chart which is in weekly time frame, the move (INTERIM rally) is just a correction for the down trend; say for the super cycle wave (Y)
Therefore, we sure say that the current move is merely a retracement for the Super cycle wave (Y)
and the initial move (X) has been stagnated for some time at the areas of 23.6% and been resuming its move higher now.
the further resistance are offered by two factors - trend line (LONG TERM) & the Fibonacci Resistance as it is given in the chart,
The wave (X) in super cycle degree has been subdivided into triple three correction, within which wave W & X are completed and after which wave Y is currently being traded in cycle degree.
For folks who find it difficult to follow, check our website where we have a shot a video presentation explaining the whole process from 2008 to till date - a really detailed analysis for free, check it out here
www.mytradingcourses.com
P.S
You are welcome to seek any clarification on this & any of our past analysis
Thank you
