Longer term either over $ 100 or under $ 20.
Note: the cycles are not negligible!
Note: the cycles are not negligible!
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WTI - estimated early July long!Until then, the wave 4 is running (a b c).
The a wave 4 has Tenkan /Daily/ as a target and resistance.
Once the SMA 20 is reached on Daily the c is over, then again falling to finish the wave 5.
Note that lagging span is below the price /Daily & Weekly/ and this means that it can dawn every day in June and into July until the lagging span is back above the price.
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51.51 done!Nota
in my main chart above, I have suggested that july should be lower than june, now the situation is like this:*** Variant 1 as in this post from Jun 10
*** Variant 2 with >> criteria for daily/weekly <<
a/ break and close below 50.63 leads at least until 48.02 and thus the development of wave 5 would be confirmed.
b/ break and close over 53.26 leads to 58.85 - 59.07
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correction :-))should be "a or 4" and not "1 or 4".
(too many charts and fast typing bring typos)
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In the main chart above is the variant 1 and here the variant 2, which comes into question if the prices in July remain below 60.06 (first week will show).The announced TP @ 59.07 will be reached soon - see last update (Jun 12).
tradingview.com/chart/0f8FYiGU/
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4th of July - Independence Day (United States).WTI negative ...
Until then, the Tenkan should serve as a support in the Daily.
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TP @ 59.07 has been reached. Now how next?60.16 will show in July.
Over it = long
Under it = short
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Short for today exit with touch at 57.80 (would be(+ 1870 P)Next week new short entry
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57.8 done!Nota
Since this post I have made + 1870 P
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I'll say it now - in advance - should there be a war between the US and Iran (ie between the West and the East), then the WTI prices would explode literally ... Probably the extremely high WTI prices would have catastrophic consequences for the whole world economy ... in that case you would have to expect prices between 200 - 300 dollars per barrel.The current 7 year WTI cycle lasts until April 2023.
Difficult times will come, such as has never been ...
You can think about all eventualities and still, inwardly, hope for the best (and pray!).
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For example, in the explosive case, I could imagine such a scenario.Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.