Crude Oil and Natural Gas - Bearish Reversals

Aggiornato
Crude Oil (WTI) & Natural Gas have been in an uptrend.

Reversal Patterns are present, and BIG bearish moves are around the corner.

Technical Analysis:

- WTI: Ascending Channel Breach
- Natural Gas: Ending Diagonal

Nota
istantanea
Nota
WTI can drop hard here.

istantanea
Trade attivo
Selling Crude Oil. Expecting a BIG drop...

istantanea
Nota
Last rise and then Crash for Energy.

istantanea
Nota
Updated Wave Count for WTI.

istantanea

Triple Three.
Nota
Natural Gas went deep in the green with this view.
OIL should follow soon.

istantanea
Nota
Natural Gas hit the 88.6% Fibonacci Retracement.
However, there's no Bullish Divergence, unless you're into a Reversed one...

Crude Oil however, is one step behind, it has still to deliver the BIG drop...

istantanea

I think there could still be more down-side to NATGAS.

istantanea

For WTI, I am expecting a big bear leg between $85 and $90 zone.
Nota
WTI Daily Chart:

istantanea
Nota
Expecting WTI to crash at or slightly above the $80 mark.

istantanea
Nota
Bounce incoming for Natural Gas.

istantanea
Trade attivo
Looks like Natural Gas will bounce from around here, while Crude Oil is getting ready to drop quite hard.

istantanea
Nota
Selling WTI

istantanea
breakoutCrude OilElliott WaveEnding DiagonalNatural GasNatural GasoiltradingParallel ChannelWedgeWTI

Anche su:

Declinazione di responsabilità