Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
I am an Elliot wave analyst .. I think that we need to reach the 78.50 before we see the price declining as I think we are within an Ending diagonal and it is not yet over .. price 78.5 is as per my platform... from 78.5 we may see decline in the price towards 64 then higher to nearly 84 .. this is my opinion.. I like the video and wish to keep receiving and following as well.
Ahmed
UnknownUnicorn266486
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Hi @ahmedhamdan, you could be 100% correct. Right now I dont see a clear buy or sell and Im trying to figure out I bias to drill down! Right now I would be a buyer much lower but certainly not a seller. Also just an opinion, thank you for the kind words!
Have a great day Ahmed.
claudegeneva
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I agree, but not sure it will increase as you explain. "We" don't need so much oil as in the past and "black swain" could be here for the future... I am bearish now
TommyNunez
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im pretty bullish this move up has been during a slowdown in emerging markets and a strong dollar
zatoitchiban
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Excellent Analysis Sir!
Tara
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Wow! My calculations are the same as yours - might drop to 61 to 60 for the next months starting today (July 2018). Fingers crossed.
HarishRavi
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@Tara, lol I would like to hear this more when I am holding leveraged puts on crude oil etfs
KitShingLam
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further your idea,,,I think around $67 trend line is strong,,1st:2017-08-03---->$50.6,,,,,2017-09-26------>$52.64,,,,2018-02-09------>$58.12,,,,2018-06-18------>$63.62,,,So...for the short term maybe price will up to $78 which is a channel top,,after would go back to the trend line around 67-69 depending on time,,,
I can't upload my photo here,,so this is the link of my idea on google+:plus.google.com/u/0/photos/photo/104995689581351391042/6573199725510179458?authkey=CO-UlLOg1-SlwgE
I am an Elliot wave analyst .. I think that we need to reach the 78.50 before we see the price declining as I think we are within an Ending diagonal and it is not yet over .. price 78.5 is as per my platform... from 78.5 we may see decline in the price towards 64 then higher to nearly 84 .. this is my opinion.. I like the video and wish to keep receiving and following as well.
Ahmed