FX:USOIL   Crude Oil (WTI)
453 1 5
My wave analysis for USOIL            
Very good wave numbering. I agree also that currently we are in a C.5.The declining major support line is now being tested (there is a tremendous pressure applied by the sellers, but the buyers are valiantly still holding on; this is a monumental price "battle"). Provided the area around 35 is verified as a significant (and perhaps ultimate) support, then a serious reaction will take place. To keep all options open, if 35 fails then 26 (equal negative wave A & C yields) and 20 (declining pitchfork lower line based on B-wave length) are the next low oil price candidates.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out