Primary Scenario
In the near term, Brent and WTI futures are expected to continue moving higher as part of the broader corrective uptrend, ultimately breaking above resistance at $119.50 (Brent) and $119.48 (WTI). After these tops are reached, we anticipate significant sell-offs in both contracts, targeting our blue Long-Term Entry Ranges (Brent: $42.33–$29.90 / WTI: $49.85–$27.93), where the ongoing larger corrections should eventually conclude.
Alternative Scenario
Alternatively, Brent and WTI futures could break below support at $58.40 (Brent) and $54.98 (WTI) sooner, forming early correction lows within our blue Long-Term Entry Ranges (Brent: $42.33–$29.90 / WTI: $49.85–$27.93) (probability: 40%).
In the near term, Brent and WTI futures are expected to continue moving higher as part of the broader corrective uptrend, ultimately breaking above resistance at $119.50 (Brent) and $119.48 (WTI). After these tops are reached, we anticipate significant sell-offs in both contracts, targeting our blue Long-Term Entry Ranges (Brent: $42.33–$29.90 / WTI: $49.85–$27.93), where the ongoing larger corrections should eventually conclude.
Alternative Scenario
Alternatively, Brent and WTI futures could break below support at $58.40 (Brent) and $54.98 (WTI) sooner, forming early correction lows within our blue Long-Term Entry Ranges (Brent: $42.33–$29.90 / WTI: $49.85–$27.93) (probability: 40%).
📊 Daily market insights combining macro + Elliott Wave analysis
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.