Pivotal_Traders

Pivotal_Traders

It looks that on W - the stock has performed sincerely to respect the elliot waves. However, by the end of this week and with the beginning of the next a retracement is expected to be followed where the stock would dip to level sub-500 and attain or test the new support of around 477 and probabilistic-ally would continue the upward trend. Thus, we can maintain the...

Pivotal_Traders Updated 

It was a spectular last week for the crude oil. However the same was on expected line on the drawn XABCD pattern. There is a higher chances that following the 1.618 level the oil will take a hit to be good to offer shorting opportunity.

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Opportunity to short

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Natural Gas is asking desperately for a sell call and this is just a part of the corrective structure in ABC pattern, long term prospect remains bullish but people can enjoy the C wave to mint some profit.

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It seems that CL is on the last leg of the corrective ABC move, thus short term gains can be made from the trade . CL is bullish at the current stage and can comfortably achieve the hinted target within few weeks.

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the downward trend and the current corrective phase comprising the elliot wave of the oil , bearish over longer term

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as you may notice that the trend has weakly reversed and there is bit of off track roadways followed by the OIL as concerned with the arc.

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Downtrend continuation

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Range bound trend

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Range bound movement of USOIL

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The crude oil has honoured the upper resistance and is probably gonna follow the downward trend as shown