When we forecasted oil to fall to 65$ on August 1st, everyone and their dog called us crazy. Fast forward 7.5 months, oil hits the level precisely, and we think that the commodity is not done with this ride downwards for various reasons which we will discuss in this study. ___ In this weekly overview […]
Oil nicely hit the target we set on August 1st and is now flirting with a major pivot. Let’s try to understand the probabilities for the next move. ___ In this daily overview we will talk about technical events and candles on various frames, and discuss the short term perspectives using Elliott Waves. CANDLES After […]
Following our alert on February 21st, $XOM has lost 9% and does not show signs of reversal. The chart above was shared on Feb 21st for possible completion of an Ending Diagonal Follow us on Telegram: https://t.me/InvestingAngles
Today oil nicely hit the target set on August 1st! And a legitimate question is what’s next. As I mentioned on Feb 13th, “if the bearish momentum holds, oil can try a direct shot towards $63-65.” It did! ___ In this daily overview we will talk about technical events and candles on various frames, and […]
Today oil made a strong technical statement on one of the large frames. If the momentum continues and the event is confirmed, it will provide foundation for the next research and an accurate estimate of the mid and long term targets for the commodity. Oil has been bearish since our call in June 2022 and […]
