UKOIL | Drop despite Strait of Hormuz being closed!By examining the Weekly chart of Brent Oil we can see that after reaching the high of 102 and closing at 98.69 last week, it opened at 93.60, which is much lower than last week's close, and then a heavy drop to the 85.50 level, and is currently being traded at around 87.00 level.
The heavy drop has
Is Wave 3 Beginning, or Is One More Correction Still Ahead?## Crude Oil: Is Wave 3 Beginning, or Is One More Correction Still Ahead?
From the largest Elliott Wave perspective, crude oil remains within the final fifth wave of the highest degree.
Following the completion of the larger-degree Wave 4, an entire eight-wave cycle appears to have been completed.
Brent Oil | Target $400 (+500%)📊 The Brent chart shows exactly the same bullish pattern, with support at around $66. If this pattern repeats, the next target could be $400 🎯
🌊 Brent is extracted from North Sea fields, in British and Norwegian waters
⚗️ With higher sulfur (0.37%), it is considered “sour” and more difficult to refi
OIL IS WAITING FOR THE STRONGEST COLLAPSE IN THE LAST 4 YEARS !!📣 Hello everyone!
I think that a difficult time is coming for oil, my goal in 2025 is $ 36-40 per barrel of Brent
That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your head!
Good
Crude Oil: Is a Larger Wave III Beginning?From an Elliott Wave perspective, the current structure suggests that Waves I and II of the current degree may be complete, placing the market at a critical stage.
Wave I developed as a five-wave Impulse, followed by Wave II unfolding as a corrective structure. Therefore, under the aggressive scena
Brent crude oil is likely to undergo a correction (1D)Since we placed the red arrow on the chart, Brent crude oil has entered a corrective phase.
The correction appears to be forming a triangle, and Wave D now looks complete. Wave D was bullish.
Wave E now appears to be underway, and in this triangle, Wave E is expected to be bearish.
From the green
UKOIL update!Hello guys!
Brent crude has dropped below $80 amid ongoing negotiations over the Strait of Hormuz and easing geopolitical tensions in the Middle East!
However, it looks like we're simply in an Elliott Wave ABC correction - and once wave C completes, we should enter the next bullish leg, pushing pr
Wave III?Crude Oil: Wave III?
From an Elliott Wave perspective, the move from the 70.225 low to approximately 96.128 appears to have developed as a complete five-wave Impulse, which can be considered Wave (1) of a higher degree.
The market then entered a corrective phase that appears to have completed arou
BRENT CRUDE: $120 OR BUST?From a pure market-structure perspective, Brent is starting to look very interesting here.
Price spent months building a large range, then swept the sell-side liquidity sitting below the previous lows around $70–72. After that liquidity grab, we got a strong bullish displacement and a clear shift i
BRENT CRUDE | (3H) | THE CHART ALCHEMIST (11-AUG-2026)📊 BRENT CRUDE — BUY TRADE SET-UP | (3H) | THE CHART ALCHEMIST
🟢 Buy Zone: $90.966 – $92.487
🎯 Target Prices:
• TP1: $94.616
• TP2: $97.937
• TP3: $101.306
• TP4: $101.396
🛑 Stop Loss: Below $89.781
⚠️ Disclaimer: This is for educational and informational purposes only, not financial advice. Tra
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Displays a symbol's price movements over previous years to identify recurring trends.









