WTI Crude Oil: Elliott wave evaluation and forecast for 02.09.22 – 09.09.22

WTI Crude Oil: Elliott wave evaluation and forecast for 02.09.22 – 09.09.22

Table of Contents


Important situation: take into account brief positions from corrections beneath the extent of 98.40 with a goal of 69.28 – 54.40.

Different situation: breakout and consolidation above the extent of 98.40 will permit the asset to proceed rising to the degrees of 104.15 – 115.90.

Evaluation: the primary wave of bigger diploma (1) is presumably fashioned on the day by day chart, and a draw back correction is unfolding because the second wave (2). Waves A of (2) and B of (2) are presumably fashioned on the H4 chart, and wave C of (2) has began growing. Apparently, the primary counter-trend wave of smaller diploma (i) of i of С is growing on the H1 chart. If this assumption is right, the asset’s value will proceed to fall to the degrees of 69.28 – 54.40. The extent of 98.40 is vital on this situation as a breakout will allow the worth to proceed rising to the degrees of 104.15 – 115.90.



Value chart of USCRUDE in actual time mode

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