anilmangal

USOIL wave structure.

FX:USOIL   Crude Oil (WTI)
5636 16 168
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.
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snapshot
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OIL TO 64
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possible, we will see very soon
+2 Reply
TF. anilmangal
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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oil to 30 more like :-D
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probable down in next days, though
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Never traded Oil Ani, but may give it a go.
need to check it out first though.
Thanks :)
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Just wondered, why an outbreak is expected when there's not 5 waves yet. Can the sequence be interrupted like that?
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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
animalangangangan
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43.75 is a key level
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Top notch man
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hey anil.... have oil breckout from your down channel or it still needs to move higher for the breckout?
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wait to see if it consolidate our of the down trend
+2 Reply
@anilmangal oil up to 59.55 soon. agree ?
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A possible false breakout?
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Hi Anil, Beginner at elliott wave so go easy if im way off.
snapshot
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