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TheAnonymousBanker
4 jul 2017 22:01

[USOIL] POTENTIAL CORRECTIVE STRUCTURE Kort

Crude Oil (WTI)FXCM

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Potential corrective structure with target around 43.50$/44.50$...

Thank you for you support, your ILIKE and trade with care!

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w(A) in play.....

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potential swing in short term..

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Trade stängt: målet nått

TARGET 1

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At OPEC’s Critical Moment, No Sign of Saudi ‘Whatever It Takes’
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Now is the time to maximize the impact of OPEC’s oil production cuts, yet the market is still waiting for the group’s biggest member to show it’s doing “whatever it takes” to eliminate the global oversupply.

OPEC’s best chance to make a big dent in the lingering glut in the U.S., and with it reverse oil’s three-year slump, lies in the remaining weeks of peak summertime demand. That’s already become harder because of the resurgence in output from OPEC members exempt from cuts, while there are no signs yet that Saudi Arabia, the group’s de-facto leader, is willing to cut as deeply as it did earlier in the year.

more info: bloomberg.com/news/articles/2017-07-07/at-opec-s-critical-moment-no-sign-of-saudi-whatever-it-takes

Trade stängt: målet nått

TARGET 2 HIT!
Kommentarer
jolu
@SignalSwiss
hi,

i see three dives pattern (on 1 day and 4h charts) which had been completed 6 days ago, so dont you think we are now heading up to touch 50 at least?

Thank you in advance !!
TheAnonymousBanker
@jolu, Yes, it's possible! We following corrective structure at the moment....
SaadEl
great analysis
korhankaganhakan
thanks bro
TheAnonymousBanker
@korhankaganhakan, welcome! ;)
Paul-Man
amazing
spannungsbogen
Spent a couple of months in Dornach back in the time of the legends.
spannungsbogen
Harmonic structure eh? Look into this will I. Yes yes.
spannungsbogen
Pretty awesome call
Jafx
Hi, Do you think 44.10 can be the bottom before it heads back to 46? As I have a buy from there and now hedged & thinking where to close my sell? Thanks
Mer