With USOIL it is more difficult. Brent allows for a clear bullish projection. USOIL looks less clear. Lots of corrective waves that have not formed any clear pattern yet. Whichever way I twist it, it does not allow for immediate upward thrust as Brent does.
Perhaps there will not be a decision on EU-Russia embargo this weekend as the price action needs to accommodate wave 2 somewhere which should take several days. Alternatively, there is something else in the making which I cannot see so far.
Perhaps there will not be a decision on EU-Russia embargo this weekend as the price action needs to accommodate wave 2 somewhere which should take several days. Alternatively, there is something else in the making which I cannot see so far.
t.me/EnergeiaCharta
Live updates of WTI, Gasoil, NatGas. Extensive analysis archives. Coming soon - a detailed Chartopedia, with clear examples and rules for applying ElliottWave to real world charts.
Live updates of WTI, Gasoil, NatGas. Extensive analysis archives. Coming soon - a detailed Chartopedia, with clear examples and rules for applying ElliottWave to real world charts.