Working in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now.
The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will...
Bullish bias remains supported by the strong ascending channel. Until the weekly timeframe makes a decent lower low, I will continue to hold onto the bullish position with my end target set at $64
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Trade Safe - Trade Well
Michael Harding 😎 Chief...
Oil Buy Order
TP & RR: $53.79 (3.37)
Stop Loss: $52.26
REASONS FOR THE TRADE
Price is breaking through the upper trendline and unless this is a fakeout I expect it to continue going up until the recent highest high and maybe up until the dotted resistance around $54-$55. The market Flow indicator is showing momentum up and I hate to open a...
As i can see crude oil is trading above 50$ and show more bullish moves incoming days as Demand is increasing
lock downs are ending up and international Travel Restrictions ending also so we are expected USOIL more demand will achieve our design Targets
buy from given support zone with a small risk and wait for to achieve all TP
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