NSE Crude Oil: Imminent Upsurge or Unusual Reversal?

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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MCX MENTHA OIL – Elliott Wave Setup

Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips

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MCX Crude Oil: Retracement Analysis and Downside Targets

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MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?

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