Crude Oil and Natural Gas - Bearish Reversals
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
Reversal Patterns are present, and BIG bearish moves are around the corner.
Technical Analysis:
- WTI: Ascending Channel Breach
- Natural Gas: Ending Diagonal
Commentaire:
Commentaire:
WTI can drop hard here.
Transaction en cours:
Selling Crude Oil. Expecting a BIG drop...
Commentaire:
Last rise and then Crash for Energy.
Commentaire:
Updated Wave Count for WTI.
Triple Three.
Triple Three.
Commentaire:
Natural Gas went deep in the green with this view.
OIL should follow soon.
OIL should follow soon.
Commentaire:
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...
I think there could still be more down-side to NATGAS.
For WTI, I am expecting a big bear leg between $85 and $90 zone.
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...
I think there could still be more down-side to NATGAS.
For WTI, I am expecting a big bear leg between $85 and $90 zone.
Commentaire:
WTI Daily Chart:
Commentaire:
Expecting WTI to crash at or slightly above the $80 mark.
Commentaire:
Bounce incoming for Natural Gas.
Transaction en cours:
Looks like Natural Gas will bounce from around here, while Crude Oil is getting ready to drop quite hard.
Commentaire:
Selling WTI
