Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.66 where the hourly is turning down...
Pivot (invalidation): 58.20 Our preference Long positions above 58.20 with targets at 58.85 & 59.20 in extension. Alternative scenario...
Pivot (invalidation): 18.0400 Our preference Short positions below 18.0400 with targets at 17.8500 & 17.7600 in extension. Alternative scenario...
Pivot (invalidation): 1555.50 Our preference Short positions below 1555.50 with targets at 1548.00 & 1544.00 in extension. Alternative scenario...
Pivot (invalidation): 3299.00 Our preference Long positions above 3299.00 with targets at 3329.00 & 3337.00 in extension. Alternative scenario...
Pivot (invalidation): 13490.00 Our preference Short positions below 13490.00 with targets at 13360.00 & 13330.00 in extension. Alternative scenario...
Pivot (invalidation): 5.8650 Our preference Short positions below 5.8650 with targets at 5.8460 & 5.8380 in extension. Alternative scenario...
Pivot (invalidation): 0.6905 Our preference Short positions below 0.6905 with targets at 0.6875 & 0.6865 in extension. Alternative scenario...
Pivot (invalidation): 1.3035 Our preference Long positions above 1.3035 with targets at 1.3065 & 1.3080 in extension. Alternative scenario...
Pivot (invalidation): 0.9635 Our preference Long positions above 0.9635 with targets at 0.9665 & 0.9680 in extension. Alternative scenario...
Pivot (invalidation): 110.05 Our preference Long positions above 110.05 with targets at 110.35 & 110.50 in extension. Alternative scenario...
Pivot (invalidation): 1.3055 Our preference Long positions above 1.3055 with targets at 1.3090 & 1.3105 in extension. Alternative scenario...
Pivot (invalidation): 1.1145 Our preference Short positions below 1.1145 with targets at 1.1125 & 1.1115 in extension. Alternative scenario...
A second wave (x) ended at 1.2532 on 2/16/18 where the weekly is turning down and the daily right side is down. Down from there wave a ended at 1.0877 on 10/1/19 where the 4 hour is turning up. From there a wave ((W)) is in place at the 1.1239 highs from 12/31/19 where the hourly is turning down...
Pivot (invalidation): 58.35 Our preference Short positions below 58.35 with targets at 57.75 & 57.35 in extension. Alternative scenario...
Pivot (invalidation): 17.8700 Our preference Long positions above 17.8700 with targets at 18.0400 & 18.1500 in extension. Alternative scenario...
Pivot (invalidation): 1550.00 Our preference Long positions above 1550.00 with targets at 1563.00 & 1568.00 in extension...
Pivot (invalidation): 3277.00 Our preference Long positions above 3277.00 with targets at 3299.00 & 3306.00 in extension. Alternative scenario...
