dan4ielo

dan4ielo

With the economy reopening the demand for crude oil is returning to its normal levels and this means we can expect to see a further rise in oil prices. However, with rumours going around that the storages for oil are more full and supply is too high it is unlikely that we will see a full restoration of previous prices. This said it is likely that we see a touch of...

dan4ielo

Time for the third Elliot correction wave. After a strong first wave, we can expect to see a bull back and then look for a short trade to ride the third wave. Take profit will be above the previous consolidation, but below the low of the first wave.

dan4ielo

TVC:USOIL This is my view on what is potentially to come over the rest of the month. After a triple top this month we can say with relatively high certainty that the monthly top has been reached. The way here on out is down. Based on Elliot wave theory we have concluded the 5th wave meaning a correction in the price should be on its way. The waves that I have...