There has been a lot of demand for oil analysis.
In the 2-month cash data, we see that oil reached $56, and many say there’s a possibility that oil may not touch the high levels above $70 again, but the chart suggests otherwise.
In the 2-month cash data, given the complexity in wave-(c), it appears that a reverse contracting triangle pattern is forming. After the completion of wave-(c), wave-(d) of this triangle could potentially rise to $90.
Currently, we are in wave-(c) of this triangle, which is transforming into a diamond diametric pattern. Wave g of this diametric could end at $56 or in the $50-52 range, completing wave-(c).
The chart will be updated if needed.
Good luck
NEoWave Chart
In the 2-month cash data, we see that oil reached $56, and many say there’s a possibility that oil may not touch the high levels above $70 again, but the chart suggests otherwise.
In the 2-month cash data, given the complexity in wave-(c), it appears that a reverse contracting triangle pattern is forming. After the completion of wave-(c), wave-(d) of this triangle could potentially rise to $90.
Currently, we are in wave-(c) of this triangle, which is transforming into a diamond diametric pattern. Wave g of this diametric could end at $56 or in the $50-52 range, completing wave-(c).
The chart will be updated if needed.
Good luck
NEoWave Chart
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.