Primary Scenario
In the near term, we expect further pullbacks in Brent and WTI futures, with the current downswings bottoming out in our green Target Zone between $88.95–$71.48. Afterward, we anticipate the larger corrective rallies to resume, pushing prices above resistance at $119.50.
Once these advances reach their respective peaks, we expect significant sell-offs into our blue Long-Term Entry Range $42.33–$29.90, where the ongoing higher-level corrections should ultimately conclude.
Alternative Scenario
In our alternative scenarios, Brent could break below support at $58.40 sooner, forming early correction lows in our blue Long-Term Entry Range with a current Probability of 35%.
In the near term, we expect further pullbacks in Brent and WTI futures, with the current downswings bottoming out in our green Target Zone between $88.95–$71.48. Afterward, we anticipate the larger corrective rallies to resume, pushing prices above resistance at $119.50.
Once these advances reach their respective peaks, we expect significant sell-offs into our blue Long-Term Entry Range $42.33–$29.90, where the ongoing higher-level corrections should ultimately conclude.
Alternative Scenario
In our alternative scenarios, Brent could break below support at $58.40 sooner, forming early correction lows in our blue Long-Term Entry Range with a current Probability of 35%.
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📊 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
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.