rv

Crude Oil Brent. ( Weekly ) reView.

rv  
FX:UKOIL   Crude Oil (Brent)
501 7 13
Crude Oil Brent             . ( Weekly )

Potential Bounce, Oversold, but med/longer term not looking that good.

6 year consolidating Symmetrical Triangle, Apex brake_out. and 200 sma .

Elliot Wave 5 and ABC wave. potentially A=C terminating at 75.
50% retracement at levels 82.15.

1.5 year Symmetrical Triangle brake_out.
Triangle measured Target : at levels 82.

Fibonacci Time Zone 13 coincidence at E.

RSI at 15 and at 2008 Crash Levels.
61.8% and rising 200 sma. ( Monthly )
snapshot
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Please, could you update your analysis & what's your comment on RSI breaks 2008 bottom? Best Regards & Thanks
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rv kHylnkHyln
sorry, missed the comment. RSI extremely oversold. price reaching targeted area. yw
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Good analysis, thanks for sharing it, i will try to build a long position between 82 and 71 (50-61 fib).
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rv phaneroboy
welcome.
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coool chart
+1 Reply
rv UrbiGT
Thanks !
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