WTI has been forming a flat A-B-C correction. According to Elliott's wave projection, the oil future looks bearish. Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal. The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal. If you are a safe trader, you can...
Crude Oil is likely to find resistance near 4500 - 4520 As shown in the chart it is currently trading in a downward sloping channel. Till the time it is trading below 4620 there is a good chance we can achieve a target of 4100
Buy Crude Oil At Cmp 3532, Strict SL - 3399 Target - 3850/4200 This is my 2nd call in addition of my previous crude oil buy call. Please see previous recommendation as well..
BUY CRUDE OIL AT CMP 3402, STRICT SL - 3335, TARGET - 3700/3800/4100
Crude oil has made Decending Triangleon monthly chart since 2008 clear indication of a crash.
Midterm forecast: . While the price is below the resistance 43.60, beginning of downtrend is expected. . We make sure when the support at 30.85 breaks. . If the resistance at 43.60 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08...
US oil cyclic retracement completed and downtrend breakout done .. so we can go for long
The weekly is favored turning up above 26.34 lows from 2/11/16 & the daily is turning down against the 77.01 highs from 10/3/18. Nearer term while above the 49.30 lows where the 4 & 1 hour are turning up it can correct the cycle lower from the 10/3/18 highs.
WTI Oil CODED levels...do mark and trade market has to go there only 100%.. once it reaches there u will see for urself...
Will WTI travel on the road on Inventory?
Midterm forecast: 60.15 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 60.15 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 50.90 on 06/11/2019,...