Oiltrend
Cude oil Trend and Wave AnalysisCrude oil chart. My view of this chart is that it is creating an abc flat structure and is currently in wave c. This wave will grow in the form of 5 waves.
ukoil ... usoil ... wtioil ... opecoil
The wave you see in the future price on the chart is a schematic of a possible price trend and will not be formed just to clarify the possible price movement.
This is a personal analysis and should not be considered a criterion for buying or selling. Please pay attention the take profit and stop loss.
Nemodar naft kham va tashkil sakhtar abc flat ke pishbini mishe ta target taeen shode roye chart ghemat dar Ayande roshd kone ke mishe azash dar tahlil joft arzhaye commodity azash estefade kard
US Oil LongResuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility
www.cnbc.com
www.reuters.com
www.ft.com
Weekly:
Confidence: B (because of geopolitical risks involved)