WTI Crude Oil: Elliott wave evaluation and forecast for 25.07.25 – 01.08.25


The article covers the next topics:

Main Takeaways

  • Predominant situation: Take into account quick positions from corrections beneath 68.25 with a goal of 60.00 – 53.60. A promote sign: the value holds beneath 68.25. Cease Loss: above 68.80, Take Revenue: 60.00 – 53.60.
  • Different situation: Breakout and consolidation above the extent of 68.25 will enable the asset to proceed rising to the degrees of 80.50 – 85.00. A purchase sign: the extent of 68.25 is damaged to the upside. Cease Loss: beneath 67.70, Take Revenue: 80.50 – 85.00.

Predominant situation

Take into account quick positions from corrections beneath the extent of 68.25 with a goal of 60.00 – 53.60.

Different situation

Breakout and consolidation above the extent of 68.25 will enable the asset to proceed rising to the degrees of 80.50 – 85.00.

Evaluation

A 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 day by day timeframe, the third wave (3) has began unfolding, with the primary counter-trend wave of smaller diploma i of 1 of (3) shaped as its half. On the H4 chart, an area correction is creating because the second wave ii of 1 of (3), with wave (c) of ii forming as its half. If the presumption is right, WTI will proceed to drop to 60.00 – 53.60. The extent of 68.25 is vital on this situation as a breakout will allow the value to proceed rising to 80.50 – 85.00.


This forecast is predicated on the Elliott Wave Concept. When creating buying and selling methods, it’s important to think about basic components, because the market state of affairs can change at any time.



Worth chart of USCRUDE in actual time mode

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


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

Price this text:

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





Source link

Related articles

CySEC Tightens CFD Guidelines for Retail Shoppers, Limiting Leverage on Sure Contracts

Govt Interview with Andres Jimenez from Swiset | iFX EXPO Worldwide 2025 Govt Interview with Andres Jimenez from Swiset...

Angola urges extra onshore oil funding to spice up manufacturing

(Bloomberg) – Angola’s president urged vitality corporations to spice up funding in onshore oil fields to counter a sustained decline in crude manufacturing.  ...

One of the best laptop computer you should buy in 2025

Selecting the perfect laptop computer is usually a little bit of a problem — there are such a lot of fashions, sizes and specs on the market that it’s straightforward to really feel...

Trump’s GENIUS Act Received’t Knock UAE Off Crypto Throne

The US handed its landmark GENIUS Act, bringing President Trump one step nearer to his pledge of creating the US the “crypto capital of the world.” Sadly for Trump, it doesn't matter what his administration...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com