2022-05-12

CRUDE OIL

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
CRUDE OIL ON TRACK , PLZ WACH WHAT WE DID SAY ON 3/31/2022S
BUT KEEP YOR CLOSE EYE ON PRICES MOVE THROUGH THE UPCOMING WEEKS ESPECIAPPLY, IF THE ALTERNATIVE SECNARIO IS IN PLAY. ALSO IF MY COUNT IS CORRECT AND WAVE B  IS A TRIANGLE ANTICIPATE THE POST TRAINGLE THRUST (WAVE C HERE) COULD REACH TO 138% OR 161.8% OF WAVE A. SO TAKE THE $58, $49 IN MIND ,  THE PRIMARY OBJECTIVE ROUGHLY $72 (BASED ON THE COMMON RELATION THAT WAVE(A) = WAVE(C) IN ZIGZAG PATTERN CORRECTION IN ELLIOTT WAVE PRINCIPLES )
EVENTUALLY WACH CLOSELY THE $115.79 LEVEL, PRICES ABOVE THIS LEVEL MEAN  OUR MAIN SCENRIO IS NEGATED, AND OIL IS CONSOLIDATING AS A TRIANGLE TO UPSIDE TARGET AROUND $135 OR MAY EXTEND TO THE RANGE OF $145-$150 IF THE POST TRIANGLE THRUST IS PROLONGED
 ON THE FLIP SIDE, BREAK BELOW $92.63 BOLSTERS THE MAIN SCENARIO OR THE ALTERNATE ONE