US Oil - Bulls In ControlLast week Oil performed well breaking above the target and key resistance area of 58.79. This week we would like to see consolidation above this broken resistance now support, with a view for further advances towards 61.74.
Crudeoilwti
Crude Oil - Back to $26? :)Just an idea, some similarities in the patterns and the fib levels seem to work. Wave 5 of C back to $26 before new cycle starts.
Crude Oil Elliot Wave Idea - Bull Theory UpdateAnother alternative count and I prefer this one as if you zoom out on the chart the fibs point to the same level as 1.618 of the larger wave 4.
I believe that around 5980 could be a great shorting opportunity for around 400 pips.
Crude Oil Elliot Wave IdeaWe've now reached the top of the channel.
The larger wave 3 breached the channel so this wave 5 should stay within it.
Expecting a retrace from here to .236 (5790) or .382 (5750) before a final push to 59+.
Crude Oil Elliot Wave Idea (Bull Theory)An alternative to wave 4 correction. Some waves plotted to 5892. I guess if yesterdays high is broken then this is possible.
Crude Idea Low probability in my opinion but wave 5 extension to 2.618, doubtful, but would be great :)
INTUIZIONE OPERATIVA del 21/11/2017 sul CRUDE OIL - Buy -Intuizione Operativa CRUDE OIL - BUY - ( 52,13 )
SL 45.36
TP I° OB 62.05
II° OB 72.23
III° OB 85.13
Crude Oil Elliot Wave Idea (Alternative) - Update5Crude pulled back to 0.618 as per previous chart and now possibly starting wave 3 of 5 to around 5820 (1.618 of wave 1).
Wave 4 pull back 0.382 of wave 3 to 5726.
Wave 5 extend 1.618 of wave 4 to 5976 which is also 1.618 of the larger wave 4 (5788/5483).
Crude Oil Elliot Wave Idea (Alternative)Possible a larger wave 1 is complete and now wave 2 5562 (.618(
US Oil - Long Opportunities On Resistance BreakLast week Oil failed to hold at the key support of 56.83 before bouncing at the 55.03 area finishing the week with a rally back towards the 56.83 level. Next week we will look for a continuation of the overall uptrend with a break of key (now) resistance at 56.83 to clear the way for longs towards the target, and next key area of resistance, at 58.79.
Crude Oil Elliot Wave Idea (Smaller TF)Maybe done with up move here at 2.618 of wave 1 reached at 5678.
Possible wave 4 .382 retrace to 5607 before wave 5 1.618 extension to 5622 which would complete a larger wave 1.
Crude Oil Elliot Wave Idea (Update)Plotted more potential waves.
Wave 5 of a larger 3 to $5981.
Larger wave 4 0.382 retrace to $5574.
Larger wave 5 1.618 extension to $6232
Crude Oil EW IdeaPossibly starting wave 5 to 59+.
Wave 3 2.618 extension of wave 1 and popped out of the channel.
Wave 3 0.382 retrace and back to the bottom of the channel.
Wave 5 1.618 extension of wave 4 to top of the channel.
US Oil - Sideways Correction Hints Further AdvancesLast week price traded into and through our target and key resistance at 56.86 and is currently holding as support. As long as support holds we are looking for longs up towards the next key area of resistance at 58.79.
US Oil - Uptrend IntactOil continues its Bull trend with a correction towards the upward sloping trend line providing a great place to look for Bullish patterns for longs up towards the targets of 56.86 and 58.79 respectively.
US Oil - Bull FlagWe start the week with US Oil above broken resistance at 52.73 with the pole of a potential Bull flag forming. A correction (the flag) back towards the 52.73 area of resistance turning support will provide a great place to look for Bullish formations and patterns for longs up towards the next key areas of resistance and targets to the upside at 54.48 and 55.23 respectively.
US CRUDE OIL - H4 LONGSCrude Oil H4 time frame- I prefer longs on oil due to the simple bullish structure on all timeframes targets 54
