WTI Crude Oil: Elliott wave evaluation and forecast for 22.07.22 – 29.07.22

WTI Crude Oil: Elliott wave evaluation and forecast for 22.07.22 – 29.07.22

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Major state of affairs: think about brief positions from corrections beneath the extent of 103.75 with a goal of 84.25 – 79.00.

Different state of affairs: breakout and consolidation above the extent of 103.75 will enable the asset to proceed rising to the degrees of 115.91 – 123.95.

Evaluation: Apparently, the primary wave of bigger diploma (1) continues creating on the day by day chart, with wave 3 of (1) shaped inside. A downward correction is presumably unfolding on the H4 chart because the fourth wave 4 of (1), with wave c of 4 creating as its half. Apparently, on the H1 chart developed wave (iii) of c. The formation of a neighborhood correction as wave (iv) of c has been accomplished. The formation of wave (v) of c has begun. If the presumption is right, the worth will proceed falling to the degrees 84.25 – 79.00 after correction. The extent of 103.75 is crucial on this state of affairs as a breakout will allow the worth to proceed rising to the degrees of 115.91 – 123.95.



Worth chart of USCRUDE in actual time mode

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