anilmangal

USOIL wave structure.

FX:USOIL   Crude Oil (WTI)
5576 16 165
7 months ago
USOIL             is at the top of a possible down channel, if it breaks out of this channel then that will confirm the longer term up trend. There is a possibility for a retest of the lows before the yearly up trend starts.
I guess we will see very soon.

Trade with care
Thank for your support.
7 months ago
Comment:
snapshot
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uaehawx
7 months ago
OIL TO 64
Reply
anilmangal TOP uaehawx
7 months ago
possible, we will see very soon
+2 Reply
TF. anilmangal
6 months ago
nice chart... oil didn't bottom the monthly channel yet... kets see if we get 22 ish.... but the brent already did the bottom. Cheers and good chart.. watching the same
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robdavid1111
7 months ago
oil to 30 more like :-D
Reply
probable down in next days, though
Reply
Cazzie
7 months ago
Never traded Oil Ani, but may give it a go.
need to check it out first though.
Thanks :)
Reply
Michelok PRO
7 months ago
Just wondered, why an outbreak is expected when there's not 5 waves yet. Can the sequence be interrupted like that?
Reply
Wave-Trader TOP
7 months ago
Expecting Oil back to 30 in future
same boat but i am not expecting above 50 dollar although it is possible but does not look convincing to me.
+1 Reply
Carl_G
7 months ago
animalangangangan
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AMASAT
7 months ago
43.75 is a key level
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BahaHamidi
7 months ago
Top notch man
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hir0406
7 months ago
hey anil.... have oil breckout from your down channel or it still needs to move higher for the breckout?
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anilmangal TOP hir0406
7 months ago
wait to see if it consolidate our of the down trend
+2 Reply
samirfx888
7 months ago
@anilmangal oil up to 59.55 soon. agree ?
Reply
KholleKhokk PRO
7 months ago
A possible false breakout?
Reply
tst
6 months ago
Hi Anil, Beginner at elliott wave so go easy if im way off.
snapshot
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