In this article I'm going to do Elliott Wave Analysis of Crude Oil and post my forecast for the same.
As of now Crude Oil is trading above the important resistance level of 54.30 and seems to be in the starting leg of a Wave 3 of a lower degree.
In any case it seems that from here in Crude Oil will break above 55 and as soon as that is done a huge upside can be, as previously stated it is in starting legs of a Wave 3 and by nature Wave 3 known to be strong.
I'm expecting upside target of 67 and higher.
Please note that both the main count and the alternate count are pointing in the same direction as of now.
I will update this further if need arises.
As of now Crude Oil is trading above the important resistance level of 54.30 and seems to be in the starting leg of a Wave 3 of a lower degree.
In any case it seems that from here in Crude Oil will break above 55 and as soon as that is done a huge upside can be, as previously stated it is in starting legs of a Wave 3 and by nature Wave 3 known to be strong.
I'm expecting upside target of 67 and higher.
Please note that both the main count and the alternate count are pointing in the same direction as of now.
I will update this further if need arises.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.