WTI Crude Oil: Elliott wave evaluation and forecast for 01.07.22 – 08.07.22


Primary situation: take into account quick positions from corrections under the extent of 115.84 with a goal of 93.70 – 84.25.

Various situation: breakout and consolidation above the extent of 115.84 will permit the asset to proceed rising to the degrees of 123.95 – 132.00.

Evaluation: presumably, the primary wave (1) of a bigger diploma continues growing within the every day chart, with wave 3 of (1) shaped inside. A neighborhood correction is presumably unfolding within the H4 chart because the fourth wave 4 of (1), with wave c of 4 growing as its half. Within the H1 timeframe, waves (i) of c and (ii) of c will need to have accomplished, and wave (iii) of c ought to be unfolding. If the presumption is appropriate, the asset’s value will proceed falling to the degrees of 93.70 – 84.25. The pivotal level on this situation is stage 115.84 as a breakout will allow the value to proceed rising to the degrees of 123.95 – 132.00.

Worth chart of USCRUDE in actual time mode

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