WTIUSD correction takes longer. Continuing the previous analysis, the correction movement forecast needs to be modified. The long-term uptrend has not changed, but the decline on Friday last week predicts a further fall. My assumption is that the correction persists up to the lower ATR axis (white...
WTIUSD update.
I would like to continue my analysis. Apparently, the D1ATR analysis strategy worked flawlessly. The current analysis shows the axis of the ascending wave sequence (orange line). According to the rule of wave techniques, the wave motion formed on the wave axis...
WTIUSD minor correction expected. My analysis assumes that the correction that has just begun will continue. The correction may decrease to the D1ATR50% level. Then I expect another rise. Target price: 66.35 usd
Hey guys!
Happy trading to all.
Today in the petro world we have the OPEC-JMMC Meetings which could move the Oil markets, brent, wti and the petro currencies.
Based on what I see right now I think WTI has a good chance of going up...
We are making higher lows and have a contraction in place.
Lets se...
Crude current facing a resistance on monthly chart at 54.8-55.5. Two alternate targets for long term (at least 6 months) would be around $110 (and more) or $20 (but the final targets would be also $110 and more).
WTI has earned us plenty of profits during its bullish run that started about 2 weeks ago, but ever since hitting the 2021 top we have moved into more of a ranging market.
We've taken a short and have one more sell order at the upper orange level as there is a chance of a retest and that is where we expect/believe bulls to get "tired" and price to reverse back...
Oil may retreat from this long term trend line. Oil dmeand is reduced due to global lockdowns. Price recently supported by Saudi cut. If price does fall significantly then the Saudi's may cange their supply again contributing to more price wars. Depends on relationsip they have with new US administration.
WTICOUSD correction approaching. Continuing my analysis, it can be seen that WTI oil is nearing the end of its third rising wave cycle. In my analysis, I assume that the motion may turn south from the 45-46usd range and the D1ATR will drop to a level of 50.6 to 42.6 usd. Consequently, a profit...
WTI is showing me excellent shorting signs right now... and based on the video analysis I am sharing with you here, it might just all go to plan!
Our complete system agrees there is a higher porbability of down-side than upside! (Some profit taking could occur)
WTICOUSD before 15% decrease. WTICOUSD has been falling below the 50% level of D1 ATR for several days. In my analysis, I assume that the graph moves south from the accumulation range. In this case, a double descending wave structure may form. Now we can see the construction of the second declining wave. In case my interpretation is correct, the target price of...
