WTI Crude Oil: Elliott wave evaluation and forecast for 23.09.22 – 30.09.22

WTI Crude Oil: Elliott wave evaluation and forecast for 23.09.22 – 30.09.22

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Foremost situation: contemplate quick positions from corrections beneath the extent of 87.30 with a goal of 69.28 – 54.60.

Various situation: breakout and consolidation above the extent of 87.30 will enable the asset to proceed rising to the degrees of 92.50 – 98.30.

Evaluation: The primary wave of bigger diploma (1) is presumably shaped on the each day chart, and a draw back correction is unfolding because the second wave (2). Apparently, waves А of (2) and B of (2) are shaped on the H4 chart. Wave С of (2) is at present creating, with the primary counter-trend wave of smaller diploma i of С accomplished and a neighborhood correction shaped because the second wave ii of С inside. On the H1 chart, wave iii of C seems to be forming, with wave (iii) of iii creating as its half. If the presumption is appropriate, the worth will proceed falling to the degrees of 69.28 – 54.60. The extent of 87.30 is crucial on this situation as a breakout will allow the worth to proceed rising to the degrees of 92.50 – 98.30.



Worth chart of USCRUDE in actual time mode

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