Brent Crude Futures - Big Map on MonthlyWe can hit between 80-100 in wave B to retrace 50-61.8% of wave (A),
then down to tag the wave (A) termination point.
BRN1!
Brent Crude - Alternative count - double zigzag wave AIt could be a-b-c double zigzag in large wave A.
We got a and b in place and wave c already kicked off.
It's amazing that the trendline support wasn't broken yet.
its time to buy BRN1! Market its getting back his fine, and after breaking the resistance with force, market will try to get back his super high up
Brent Crude Could Hit Between 41.60 and 46.60Earlier I posted an updated map where I was expecting a simple ABC correction down to hit 31-32 (see related)
It emerged as double three WXY instead and the wave (X) ran deeper to retest the start of wave (W) making it classic flat correction.
It looks finished as wave C of (Y) unfolded as an Ending Diagonal.
It was broken up now and the calculated target is located in the area between 41.60 and 46.60.
Now all waves look clear as we completed large wave 4 and now market aims at wave 5 up.
Brent crude could drop into 31-32 after correctionWe got the first strong move down after a huge impulse up that more than doubled crude oil price and hit the target set at 36.90.
The wave C up in a correction could be over soon and crude oil then could drop into the blue box area of 31-32.
Brent crude: Last wave up is pending 5 of 5 to hit 36.90-38.80The crude oil completed minor correction in wave 4 of (5).
The last wave 5 of (5) is pending now. It could hit the area between 36.90 and 38.80.
Brent Crude updated map - 5 of 5 upThis structure looks better.
The wave 4 finally I revealed the key for it as it unfolded with wave C as an ending diagonal.
Brent crude: updated map of current consolidaionThe wave (X) took so long to unfold but at the end the structure is quite simple double three.
Another drop should follow to complete the WXY correction.
WTI updated map - could be ending diagonal 5 of (C)The wave 4 that I was looking to unfold before could be over long ago as simple flat.
The further seesaw structure that already distracted so many traders from the crude could be an ending diagonal wave 5 of (5) of ((C)).
After it gets finished we could see a drop in 3 waves retracement.
WTI crude oil could hit 30-34 Current consolidation shaped a beautiful triangular structure as all rules of EW triangle are complied.
Watch breakout of triangle as CL1! futures could reach 30-34 area in blue box as target.
Brent crude: Updated map - impulse up is still in progressIt looks like there wave 4 is building within double three WXY (yellow). (I warned about it in the update below the idea )
Wave X is in progress. It can hit former top of 32.21 before reversing down to the valley of 28.66.
It's rather a sideways range trading. The market accumulates power to continue further up in wave 5 into the blue box.
P.S.
One could wonder, hey @aibek, why do you update brent crude so often and change the map in the opposite direction?
The thing is that the market is not static and more time elapses the more information we get.
This eliminates certain probabilities, that we build and creates new options for structure development.
And it is a constant process of changing with the chart as it always moves to the right ))) (old traders' joke).
Brent Crude could drop to 13.22-1.50 in last wave 5 downBrent crude benchmark could drop in wave 5 down into the blue box target area.
The wave 4 could be over already as it emerged within a huge double three WXY.
The wave Y is larger than W already.
Brent crude oil: Alternative view - Double ThreeBrent crude could extend it's corrective structure making a double three WXY.
watch blue box area of 50-61.8% Fibonacci retracement for further clue.
This an alternative view to augment the earlier posted idea. (see related)
Brent crude to retest former lowSame story as in S&P 500 (see retaled) as global pandemics undermined the economy.
Target 16 is a minimum to retest the former low.
Brent crude could hit 23.20-26.00We are in the last wave C of (Y) of ((B)) - it is a correction.
The wave C almost reached the distance of wave A.
The wave (Y) already hit 1.272 of (W).
Watch breakout of the yellow downtrend.
The target is the former top of wave ((A)) at 23.20 where the wave ((C)) will reach 0.618 of the former.
If it breaks above on a strong impulse than we can reach 26 where both waves are equal.
BRENT price prediction till 2040-2050 years by Powerful TradersHello everyone!
Traders we do not like to write more.
The prediction of the price you can find on a chart!
Regards, Team Traders "Powerful Traders" brent
TOP 5. Issue 28 from 01.03.2020Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB.
If you like what you see, please fell free to hit the Like button and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
BRENT OILBRN
BRENT OIL
BRENT CRUDE
BREBT OIL ANALYSIS
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Be Different ...
Hamid Rahathagh
Brent Crude Oil - New map of large flat correctionIt is possible for oil to move this way that is not popular these days as most of people waits for huge drop.
Large correction implies the strength of oil price above 100+.
It will be the second leg of the last move to finish large wave B.
Then it should drop to complete the whole structure within wave C.
What do you think? Please share your comments below
RTS index could drop to 800-530 following the Brent crudeThere will be no miracle. Less revenues from falling oil market will drag the index lower
as it should be around 800 already and could hit 530 when the oil would retest a multi-year low.
The correlation index for the past 12 months shows negative correlation but it is a temporary situation
as on the longer periods (20+ months) it is positive.
This will change gradually when the index will catch up with a falling "knife" oil.
