WTI Crude Oil: Elliott wave evaluation and forecast for 04.07.25 – 11.07.25


The article covers the next topics:

Main Takeaways

  • Fundamental situation: Think about lengthy positions from corrections above the extent of 64.90 with a goal of 80.50 – 85.00. A purchase sign: the value holds above 64.90. Cease Loss: under 62.50, Take Revenue: 80.50 – 85.00.
  • Various situation: Breakout and consolidation under the extent of 64.90 will enable the pair to proceed declining to the degrees of 60.00 – 55.00. A promote sign: the extent of 64.90 is damaged to the draw back. Cease Loss: above 67, Take Revenue: 60.00 – 55.00.

Fundamental Situation

Think about lengthy positions from corrections above the extent of 64.90 with a goal of 80.50 – 85.00.

Various Situation

Breakout and consolidation under the extent of 64.90 will enable the asset to proceed declining to the degrees of 60.00 – 55.00.

Evaluation

The descending correction seems to have shaped because the second wave of bigger diploma (2) on the weekly chart, with wave С of (2) accomplished as its half. On the every day timeframe, the third wave (3) has began unfolding, with the counter-trend first wave of smaller diploma i of 1 of (3) forming as its half. The H4 chart exhibits that wave (iii) of i is shaped, a neighborhood correction is full as wave (iv) of i, and wave (v) of i has began unfolding. If the presumption is right, WTI will proceed to rise to the degrees of 80.50 – 85.00. The extent of 64.90 is crucial on this situation as a breakout will allow the value to proceed falling to the degrees of 60.00 – 55.00.




This forecast is predicated on the Elliott Wave Idea. When growing buying and selling methods, it’s important to think about basic components, because the market scenario can change at any time.

Value chart of USCRUDE in actual time mode

The content material of this text displays the writer’s opinion and doesn’t essentially replicate the official place of LiteFinance dealer. The fabric revealed on this web page is supplied for informational functions solely and shouldn’t be thought-about as the supply of funding recommendation for the needs of Directive 2014/65/EU.


In response to copyright legislation, this text is taken into account mental property, which features a prohibition on copying and distributing it with out consent.

Charge this text:

{{worth}} ( {{depend}} {{title}} )





Source link

Related articles

At the least 36 new tech unicorns had been minted in 2025 to date

With AI igniting an investor frenzy, each month, extra startups get hold of unicorn standing. Utilizing information from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that turned unicorns to date this yr....

Slippage & Unfold Shock: The Again-Check Killers No One Reveals You – My Buying and selling – 6 July 2025

Your EA wins 92 % of trades in Technique Tester… then a single reside place erases a complete month of revenue. The silent...

Perenco Vietnam indicators new manufacturing sharing contract for Block 15-1

Perenco Vietnam and its companions in Block 15-1 have signed a brand new Manufacturing Sharing Contract (PSC) with the Socialist Republic of Vietnam, marking the start of a brand new 25-year chapter for...

Greatest early Prime Day Kindle offers: My 10 favourite gross sales stay now

When is Amazon Prime Day 2025? Amazon Prime Day takes place from July 8 by July 11 this yr. In the course of the sale, the retailer cuts costs on 1000's of merchandise (and...

1 Inventory to Purchase, 1 Inventory to Promote This Week: Amazon, Tesla

The inventory market ended increased in a shortened session on Thursday, with the and each closing at recent file highs after an upbeat U.S. jobs report helped ease issues concerning the...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com