treasure map elliot wave , supports resistance targets analysistreasure map elliot wave , supports resistance targets analysis
Crude-oil
Brent Crude (UKOIL, CB1!, USDBRO) UPDATED MAIN COUNTIt's not OPEC, it's just wave C technical analysts could argue )))
We can reach at least the former peak at 69.59 where the C almost equal to A.
Amazing power of digits and their ratios.
World-Signals.com forecasts for Year 2017What will happen in 2017 and our forecasts in this article.
In the forex market the forecasts for EUR/USD is to reach levels of 0.90. The Euro weakness continue in 2017 due too serious budget problems in the Euro Zone also interest rates divergence.
The Pound to cut the half of the losses against the dollar in 2017 and became more attractive currency.
Crude Oil slowly will recover to $65 for a barrel (New York) as the trading range is $42 - $65.
The war in Syria will end in 2017 but in Iraq the war will continue together with new escalating of the conflict in Libya.
A bad year for Europe we expecting where there are two scenarios in 2017-2018. The most negative expectations are the start of civil war in Western Europe. The other way is Western Europe to start cooperating with the Russian Federation and end of the sanctions.
After Brexit other countries will try to leave European Union as higher chance to see for France and Italy.
Short oil again!Details on chart, thinking of open short around 51.35.
TP1: 50.64, TP2: 49.8.
Need red down line to hold!!
crude oil short we had some nice upward move ending nearly at the upper daily trendline...
now we see some kind of shs formation under construction..
i will look for a short after break of the "neckline" with first target in the area of 50.00
if we make a higher high here the set up is invalid and i look for a new opportunity...
Brent Crude (UKOIL). Main CountThis is the prevailing count.
If price would fail at the channel resistance the count would be valid.
Minimum target is at the wave W low at 41.54.
Next are the 1.272-1.414 mutipliers at 40.86-39.25
Oil looks PromisingUSOIL formed am Ascending Triangle that targets 65. Buy on breakout or the pullback.
Cheers!
Low-risk Short Opportunity on Crude #/CLF2017Today we had a great setup of a short entry with relatively low risk on 1 crude oil contract. Our reversal bar appeared with a short entry below the low of the bar and the stop loss at the high, trailed three day bars behind the price.
BRENT CRUDE vs RUB. Inverse Head & ShouldersIf this idea will deliver then it supports the idea of USDRUB rise.
The rub will not benefit much from rising oil as oil would rise against the rub also.
A potential outcome. Sell into November 30th, buy afterwards.Look out for the 100 sma and the 23.6% fib @ 45.64 for the next leg down. Gap is not closed all the way. We are edging below the support at 46.0. Next support is at 43. Could potential reverse at 43. This would complete the H&S on the daily.
