Looks like a fine bullish wedge. On a weekly chart one can see bullish engulfing bouncing off strong support area.
Goldman Sachs warned of $20/bbl potential. I recall they predicted $200/bbl just before the collapse in 2008.
Feels like strong buy to me.
Goldman Sachs warned of $20/bbl potential. I recall they predicted $200/bbl just before the collapse in 2008.
Feels like strong buy to me.
t.me/EnergeiaCharta
Live updates of WTI, Gasoil, NatGas. Extensive analysis archives. Coming soon - a detailed Chartopedia, with clear examples and rules for applying ElliottWave to real world charts.
Live updates of WTI, Gasoil, NatGas. Extensive analysis archives. Coming soon - a detailed Chartopedia, with clear examples and rules for applying ElliottWave to real world charts.