CRUDE OIL - WAVE 3 TOPPED? CORRECTION FOR WAVE 4As for now, our idea for crude oil is wave 3 has already topped and we are in a early stage of wave 4 development -- Pengiran.
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NATURAL GAS MARKET OVERVIEWOur idea is we are in a late stage of wave 2 development. Bottom line, we are bullish for wave 3 after wave 2 completion. -- Pengiran
Crude Oil - Elliott Wave AnalysisExpecting price to move higher for last top to end wave 3 - Pengiran
Natural Gas - Elliott Wave AnalysisExpecting a retracement then moving higher for Wave iii of Wave (iii) - Pengiran
XLE UpdateWave ((5)) has unfold into clear impulse structure. We will continue to monitor for any reversal sign and we are expecting a retracement after completion of wave ((5)). -- Pengiran.
Crude Oil - Late stage of Wave 3 development.Using the guideline of fibonacci multiple within impulse for wave 5 projection, we can see price already reach the minimum target at 0.382 times the net distance traveled of waves 1 through 3. If the price continue to move higher, our next possible target is at 93.00 area (0.618 fibo level). Keep in mind that we are in a late stage of wave 3 development and we are expecting a retracement/pullback to 87.00-86.00 area for correction of wave 4 -- Pengiran.
XLE - Higher to complete Wave ((5))Positive development of XLE since our last posting. We can see a clear price movement in motive wave fashion for wave ((5)). For now we are still expecting price to push higher to complete wave ((5)). -- Pengiran.
XLE - Wave ((4)) correction in progress.We are on the late stage of wave ((4)) development and expecting price to move higher for wave ((5)) to complete this impulse sequence. -- Pengiran
Crude Oil - Higher to complete wave ((iii))As for now. We are expecting price to move higher to complete wave ((iii)). Using Fibonacci multiple guidelines within impulse wave, reasonable target for wave ((iii)) is at 1.618 relationship compare to wave ((i)) movement. Our invalidation level is set at 82.98. – Pengiran.
Crude Oil - Expecting another top for wave ((iii)) completionAs for now. We are expecting price to move higher to complete wave ((iii)). Using Fibonacci multiple guidelines within impulse wave, reasonable target for wave ((iii)) is at 1.618 relationship compare to wave ((i)) movement. Our invalidation level is set at 82.98. – Pengiran.
Natural Gas - Looking for evidance of Wave (ii) already in placeIt is possible that Wave (ii) already ended at 3.781. If Wave (ii) already complete, then we are expecting a higher movement for Wave (iii). Key level that we are going to monitor is 3.781 and 4.385. Price movement below 3.781 level will tell us that Wave (ii) still in play and a movement above 4.385 will strengthen the idea that wave (ii) is completed and early development of Wave (iii) is in progress. 3.536 remain as our invalidation level for larger wave degree. – Pengiran.
Commodity Market OverviewHello and welcome,
in this video, we are going to see our overview on Commodity Market.
Natural Gas - Lower to complete wave c of wave (ii).Expecting price to move lower to complete wave c of (ii). 3.536 served as our invalidation level for this idea. Moving above 4.390 will strengthen this idea and indicate that early-stage development of wave (iii) is in progress. -- Pengiran
