On a daily chart WTI has performed under an Elliot Wave Pattern since July. It's final trend wave ended on late September with help of OPEP statment of commitment to current output and Turkey's threat to cut oil production.
Since then bears have taken control in Oil industry. Wave A managed to touch Fibbonaci 38% level before entering wave B. Although we can't confirm at this stage final price of Wave B since it needs to show some red candles. As for now prices can still go further up and break $53 level.
However if this doesn't occure this week. Prices are projected in a downtrend forming Wave C. Most optimistic scenario would be Fibonacci 50% at $47.50.
For more analysis visit investing.com/members/200755314
Since then bears have taken control in Oil industry. Wave A managed to touch Fibbonaci 38% level before entering wave B. Although we can't confirm at this stage final price of Wave B since it needs to show some red candles. As for now prices can still go further up and break $53 level.
However if this doesn't occure this week. Prices are projected in a downtrend forming Wave C. Most optimistic scenario would be Fibonacci 50% at $47.50.
For more analysis visit investing.com/members/200755314
액티브 트레이드
Red candles starting to bundle
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.