WTI Crude Oil: Elliott wave evaluation and forecast for 29.07.2022 – 05.08.2022

WTI Crude Oil: Elliott wave evaluation and forecast for 29.07.2022 – 05.08.2022

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Primary situation: think about brief positions from corrections beneath the extent of 103.75 with a goal of 84.25 – 79.00.

Various situation: breakout and consolidation above the extent of 103.75 will permit 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) fashioned 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, wave (iii) of c is fashioned, a neighborhood correction is accomplished as wave (iv) of c, and wave (v) of c is creating on the H1 chart. Wave iii of (v) has presumably began unfolding as a part of wave (v) of c. If the presumption is right, the value will proceed falling to the degrees of 84.25 – 79.00. The extent of 103.75 is important on this situation as a breakout will allow the value to proceed rising to the degrees of 115.91 – 123.95.



Worth chart of USCRUDE in actual time mode

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