Antony_NPBFX
NPBFX Representative (unconfirmed)
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Brent Crude Oil: wave analysis 06.05.2022
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading.
The asset is in correction; the probability of fall is maintained.
On the daily chart, an ascending wave C is developing, in which the first wave 1 of (1) of C was formed. At the moment, the downward correction continues to develop as the second wave 2 of (1) of C, in which the lower level wave a of 2 has formed and the wave b of 2 is developing. If the assumption is correct, the price will fall to the levels of 77.08–62.50. The level of 139.45 is critical and stop-loss for this scenario.
Main scenario
Short positions are relevant from the corrections below the level of 139.45 with the targets at 77.08–62.50. Implementation time: 7 days and more.
Alternative scenario
Breakout and consolidation of the price above the level of 139.45 will allow the instrument to rise to the levels of 155.00–170.00.
Use more opportunities of the NPBFX analytical portal: trading signals for commodities
How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading.
The asset is in correction; the probability of fall is maintained.
On the daily chart, an ascending wave C is developing, in which the first wave 1 of (1) of C was formed. At the moment, the downward correction continues to develop as the second wave 2 of (1) of C, in which the lower level wave a of 2 has formed and the wave b of 2 is developing. If the assumption is correct, the price will fall to the levels of 77.08–62.50. The level of 139.45 is critical and stop-loss for this scenario.
Main scenario
Short positions are relevant from the corrections below the level of 139.45 with the targets at 77.08–62.50. Implementation time: 7 days and more.
Alternative scenario
Breakout and consolidation of the price above the level of 139.45 will allow the instrument to rise to the levels of 155.00–170.00.
Use more opportunities of the NPBFX analytical portal: trading signals for commodities
How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with NPBFX.