✨ NEW: WTI SPOT (4D) ✨TP4 @ 113.90 (close all buys)
TP3 @ 101.00 (shaving 50%)
TP2 @ 91.50 (shaving 50%)
TP1 @ 83.00 (shaving 50%)
BSO @ 74.85
BLO @ 68.00
Lightcrude
WTI: Safety net 🧗Although the Oil might need a little persuasion, we're expecting the course to drop below the support line at $70.08 to continue with the downwards slope of the blue wave within the green target zone. Once completed, the blue wave should pump the course back up, before it ultimately hits the corrective low of the green wave .
WTI: StretchingWTI is done recovering and has finished wave b in blue. Already, it is stretching upwards, striving to work on our primary scenario. We expect the marker crude to climb above the resistance at $97.66 and into the turquoise zone between $99.97 and $113.53, where it should complete wave b in turquoise. After this feat, WTI should relax once more and fall into the green zone between $70.12 and $35.77 to conclude the overarching downwards movement. There is a 35% chance, though, that WTI could tackle this task directly, dropping below the support at $76.25 earlier already.
WTI USOIL LIGHT CRUDE OIL - DAILY CHART - Possible Trend!As shown in the chart, a possible wave count for M/T to L/T scenarios may be in the pipeline!
Light Crude Oil (CL) likely to move up.Today is 14 Sep 2019.
The largest Aramco Saudi oil processing plant was attached by drones.
CL is currently at 54.85, next targets up are 57.00, 58.47, 59.94, and 61.40.
If it can break above 62.87, next target up will be 67.27.
$CL1! Crude Oil - 2 Year Uptrend broken - EQ-EQ Short in playAfter a massive selloff, breaking the 2016-2018 uptrend line, CL will likely find support at the bottom of this range, and the Yearly Pivot.
Its very unlikely we continue down from this current level - and a much higher % probability is that we get a DCB/Relief Rally
Bargain hunters will step in short term, short sellers will take profit, and we will see a push back up.
Weve got quite the ceiling overhead now, including:
Resistance, turned support - broken
Broken Downtrend Line
E.Q of the Yearly Range
After a quick visit to this area well get a strong rejection, and eventually break down out of this range.
Now the market tends to move symmetrically, and if we get rejected at our old ranges E.Q - break that range, and move down - i would expect to find support at the next E.Q to the downside.
Short $64
Target $45
WTI Light Crude Oil 15m Chart! WTI Light Crude Oil 15m Chart
13 Nov., 2018 17:55GMT
A possible wave count for perhaps a short term bottom??
CL1! Need some time to hit a massive resistanceIf the light crude oil CL1! hit the down trend it is possible to go down 35% of the trend length... this is monthly frame so be patient.
