BASRAOIL_LIMITED

BASRAOIL_LIMITED

Long term scenario is in the making as shown in the chart. Still after many correction downside period, WTI crude oil may achieve $75 area objective. If crude manage to trade higher, break $85 BBL and sustain this level, then multi year possible much lower level to as low as $20 is negated.

BASRAOIL_LIMITED Updated 

BIT/USD may move as shown in chart.

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British Pound is on the way to finish wave 4 as shown. Target of $1.4 may be achieved before the sizable downtrend resume in wave 5 fashion.

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This is what we see a possible scenario!

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As shown in the chart!

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The chart may show the future trend of the crude oil!

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This is a new update to a previous idea Reading the chart could explain the whole story!

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It looks like a rising wedge on the daily chart of the WTI crude oil.

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Crude may just finished a minor second wave correction.

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Wave five as shown on the chart might terminate crude oil medium term top. There is possibility for retracement back to 45.75 then making a new high at 46.8/47 area. before falling. @basraoil

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A clear break and sustain trading above 45.5 may take crude oil to as high as $50 before sharply down.

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Possible crude oil next move

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Natural gas on the way for the last push down before major recovery.

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This chart could provide short term direction for the crude oil price.

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May I suggest for all you guys to have a look at this WTI crude oil daily chart. To me it suggests a pullback to 41/42 area then rally to 48/49 area.