Crude Consolidation 75.45-72.45,slipping away lower
Crude has been in a tight range between 75.45- & 72.45 upside cannot hold unless 75.45 breaks then upside resistance= 79.00-81.44
Downside break of 72.45 then 71.36-70.10 as next target, break below 70.10 then T1= 68.60-67.00, T2= 65.40-63.00.
RECAP FROM 129.42:
129.42-93.00 =1, 93.00-123.60=2, 123.60-?=3, Where does 3 end ?=70.10 maybe or lower... What's going on here lets see from 123.60:
123.60-36.00(100%)= 87.60 price exceeded, 123.60-46.00(127%)= 77.60, 123.60-51.00(141%)= 72.60(price tagged 72.25), 123.60-58.00(162%)= 65.60
since price has exceeded 72.60(70.10) next Price target= 65.60 .
Lets look at the price from 72.25:
72.25-93.60= 20pts, 93.60-82.07=11pts(1), 82.07-93.70=11pts(2), 93.70-70.10=23pt(3)(200%) then 70.10-81.40=4(11pts) & 81.40-?=5, price target from 81.40:
81.40-11.00=70.40(double bottom 70.10 ), 81.40-14(127%)=67.40, 81.40-15.50(142%)= 65.85, 81.40-18.00(162%)=63.40
Lower support = 72.45-71.36-70.10. Break of this support then T1= 68.60-67.00 or T2=65.40-63.00 PRICE ZONE for completion of the 3rd wave, price break of 62.46 then the 3rd wave price target = 53.75-44.25,for now I am interested in T1 & T2 PRICE ZONE.
Expected 4th wave back to between 80.00-104.00.
This is not trading advice, it's my view... want more analysis then comment, like or boost... it's your decision
Have a great weekend & thank you.
Downside break of 72.45 then 71.36-70.10 as next target, break below 70.10 then T1= 68.60-67.00, T2= 65.40-63.00.
RECAP FROM 129.42:
129.42-93.00 =1, 93.00-123.60=2, 123.60-?=3, Where does 3 end ?=70.10 maybe or lower... What's going on here lets see from 123.60:
123.60-36.00(100%)= 87.60 price exceeded, 123.60-46.00(127%)= 77.60, 123.60-51.00(141%)= 72.60(price tagged 72.25), 123.60-58.00(162%)= 65.60
since price has exceeded 72.60(70.10) next Price target= 65.60 .
Lets look at the price from 72.25:
72.25-93.60= 20pts, 93.60-82.07=11pts(1), 82.07-93.70=11pts(2), 93.70-70.10=23pt(3)(200%) then 70.10-81.40=4(11pts) & 81.40-?=5, price target from 81.40:
81.40-11.00=70.40(double bottom 70.10 ), 81.40-14(127%)=67.40, 81.40-15.50(142%)= 65.85, 81.40-18.00(162%)=63.40
Lower support = 72.45-71.36-70.10. Break of this support then T1= 68.60-67.00 or T2=65.40-63.00 PRICE ZONE for completion of the 3rd wave, price break of 62.46 then the 3rd wave price target = 53.75-44.25,for now I am interested in T1 & T2 PRICE ZONE.
Expected 4th wave back to between 80.00-104.00.
This is not trading advice, it's my view... want more analysis then comment, like or boost... it's your decision
Have a great weekend & thank you.
