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UKOIL-USOIL

UKOIL-USOIL

UKOIL reversed from intermediate resistance, potential drop! UKOIL reversed off its intermediate resistance at 42.66 where it could potentially drop further to 42.07. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

CRUDE OIL waiting for the sell setup to form On DAILY: CRUDE OIL is sitting around a strong resistance zone in green and filling the GAP so we will be looking for objective sell setups on lower timeframes. on M30: CRUDE OIL is testing a supply zone in green and forming a channel in red (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and sell on its break downward. we also have a regular bearish divergence adding more confluence to our sell setup.

OShort

by TheSignalyst

Crude Oil Elliott Wave Idea Update on below idea: Still believe oil is in a corrective pattern; either WXYXZ up to $41 area, or WXY is already completed at $40,58 and we're in wave 2 of an impulsive move down already. A break above $40,58 invalidates the wave 2 idea, a break above $41,62 invalidates the WXYXZ idea.

O

UKOIL to reverse from downside confirmation, potential drop! UKOIL to reverse from its downside confirmation at 41.74 where it could potentially drop further to 40.98. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

UKOIL reversed from resistance, potential drop! UKOIL reversed off its resistance at 41.76 where it could potentially drop further to 40.54. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

Crude Oil Elliott Wave Idea Update on below idea: Oil now hit the .618 level and what could be an ABC completed...is oil on the brink of collapse?

O

UKOIL reversed from intermediate resistance, potential drop! UKOIL reversed off its intermediate resistance at 41.44 where it could potentially drop further to 40.54. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

UKOIL reversed from intermediate resistance, potential drop! UKOIL reversed off its intermediate resistance at 40.48 where it could potentially drop further to 39.47. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

Crude Oil Elliott Wave Idea To me it looks like oil is in the early stages of C or wave 3, in addition there appears to be a head & shoulder formation after price hit the 0.5 level. Oil could hit the 1:1 extension at $34,89 to complete a C wave and bounce up to a new high above $41,63, or push down much further to 1.618 extension at $32,12 to complete a wave 3 of deeper C.

O

Crude Oil Elliott Wave Idea Update on below idea: Thinking oil is correcting now but still in an impulsive move downward overall. If price gets above $39,46 then it would invalidate this theory.

O

Updated

UKOIL to climb from upside confirmation, potential bounce! UKOIL to climb from its upside confirmation at 40.68 where it could potentially bounce further to 42.28. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Long

UKOIL to climb from upside confirmation, potential bounce! UKOIL to climb from its upside confirmation at 40.68 where it could potentially bounce further to 42.28. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Long

Crude Oil Elliott Wave Idea Update on the below idea: Oil has hit the .236 extension but could push up to higher extensions...If this 5 wave theory is correct then there should be a large correction coming.

O

Updated

Crude Oil Elliott Wave Idea Small timeframe idea for oil. Could be ABC or wave 3 completing at $3990...a break above $40,86 could lead to a new high above $41,62 or be part of a more complex correction such as WXY or WXYXZ, a break below $39,90 could lead to a new low toward $39,50 for wave 5

O

Updated

UKOIL reversed from resistance, potential drop! UKOIL reversed off its resistance at 42.71 where it could potentially drop further to 41.88. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

Crude Oil Elliott Wave Idea Update on below idea; maybe wave 4 is finished now, or a still correcting, hard to say.

O

Updated

UKOIL reversed from resistance, potential drop! UKOIL reversed off its resistance at 42.78 where it could potentially drop further to 41.88. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Short

Neutral Outlook for UKOIL Neutral Outlook for UKOIL

UKOIL bounced from support, potential for a further rise! UKOIL bounced off 41.66 where it could potentially rise further to 42.74. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Long

Crude Oil Elliott Wave Idea Couple of theories in one chart on how oil might move in the coming days. Scenario 1 (white) - Correction is already completed at $34,58 and now in an impulsive move towards mid $40's; A break above $40,61 would look good for this theory. A break below $37,42 could play out scenario 2... Scenario 2 (orange) - A correction is still underway in WXY form, price could return towards $34 before a move to mid $40's A follow on from the below ideas:

O

Crude Oil Elliott Wave Idea Follow up on the below idea, possibly a slightly more complex correction under way

O

Updated

UKOIL bounced from support, potential for a further rise! UKOIL bounced off 40.04 where it could potentially rise further to 40.91. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Long

Crude Oil Elliott Wave Idea Small timeframe idea, possibly in wave 2 or B correction which could reach $36,40 > $36,96

O

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