Category Archives: Crude Oil – Intraday

Crude Oil

Bearish Outlook :

The Crude’s trend remains down in third wave of Minuette-degree wave (v), through the determinate target at 38.29, where the wave iii equals 1.618 times the length of wave i.

With respect to this bearish count, the decline of wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

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Crude Oil

Bearish Outlook :

The Crude’s decline remains the early stages of third wave of Minuette-degree wave (v), after a 38 percent bounce in the second wave. The expected target for the wave iii is around 38.29, where price will likely achieve the 1.618 times the length of wave i.

With respect to this bearish count, the decline of wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

Crude Oil

Bearish Outlook :

This week Crude has developed the impulsive wave i down then correcting wave ii through the 0.382 retracement level of the decline. This setup will soon result in another strong wave down of Minuette-degree wave (v).

With respect to the bearish count, the Minuette degree wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

Crude Oil

Bearish Outlook :

Crude may have corrected the decline of wave i briefly in wave ii. Hence, continuing decline in impulsive third wave is expected now against 46.76.

With respect to the bearish count, the Minuette degree wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

Crude Oil

Bearish Outlook :

Crude has traced out an impulsive five-wave down, that would confirm resuming the down trend. A partial retracement of the initial decline is expected now.

With respect to the bearish count, the Minuette degree wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

Crude Oil

Bearish Outlook :

Today’s sharp decline should be third wave of an impulsive five-wave structure, which will confirm turning to downside.

With respect to the bearish count, the Minuette degree wave (v) will ultimately draw the price below the August 24 low at 37.75.

Crude Oil - Intraday

Crude Oil

Bullish Outlook :

The structure of last week’s advance in Crude’s intraday-frames appears to be five-wave, which would remain in its fifth-wave extending.

The trend would remain up with the prices that eventually carry to at least the 51.13, where the wave c equals 0.618 times the length of wave a, and potentially through the ultimate target at 55.55.

Crude Oil - Intraday