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  • Squawk / 22 December 2017 at 16:29 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Correction on Crude OIL Points Higher by Gregor Horvat

    Crude oil is trading choppy and overlapping for some time now, which suggests a higher degree Elliott triangle correction to be in progress within corrective wave 4). In fact we have seen recent drop to 55.90 as sub-wave C that has made only a three wave decline, so it looks like part of a triangle correction. But we still need wave D to find resistance and push price lower into wave E, before a break higher into wave 5) comes in play. On that note, wave D can be trading within final stages and can make a turn lower around the 58.30 zone.

    Full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/correction-crude-oil-points-higher/
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  • Squawk / 06 December 2017 at 16:23 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: as per my view, almost hit 100% target 56.78 & 56.10 and recent low 56.22, all traders book profit & enjoy...
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  • Squawk / 06 December 2017 at 11:53 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: as per my view, almost hit 1st target 56.78 & recent low 56.87, safe traders book profit & rest wait for 56.10...
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  • Squawk / 06 December 2017 at 7:14 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    WTI Crude Oil Trading View: now having resistance zone 58.10 & recent high 57.73, above holding means 58.72 & 59.40 easily looking other wise again come down up to 56.78 & 56.10...
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  • Squawk / 27 November 2017 at 6:24 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Oil is Overdone by Stephen Pope

    This past week, crude oil speculation reached a new high for the year
    OPEC seeks to push prices higher by restricting output…
    …this just encourages more shale oil production
    I am looking for prices to decline in Q1 2018

    The oil market has enjoyed a good run of late. It has been driven higher by uncertainty on the purge of officials at the highest levels in Saudi Arabia and now, for the second time this year, record speculative bets on rising oil prices in American and European futures have been recorded.

    See full article and analysis here:
    https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/oil-is-overdone/
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