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
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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
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.