Make the most of energy trading with our expert tips and analysis. From crude oil to natural gas, our research reports cover all aspects of the market to help you make informed decisions and maximize your profits.
Have you remembered the wave analysis for MCX Crude Oil?
Visit here: NSE CRUDE OIL – Multiple Scenario Analysis
In our previous post, we explained that crude oil had formed a corrective pattern on the daily chart, labeled as (W) – (X) – (Y). Within wave (Y), a contracting triangle had formed. At that time, wave D had been completed, and wave E was just starting to develop. We also projected the entire wave E of wave (Y).
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In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022. Currently, the price is undergoing a retracement, approaching the key level of 50%.Continue reading
In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023, Price achieved our all given targets.
Click here: MCX Natural Gas – Elliott Wave projection
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