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12-08-2022

WTI

The price of oil of this grade continues to move up, and at the moment it is advisable to consider the scenario that was previously designated as an alternative.

That is, it is likely that only now the development of the impulse part of the first pattern in the form of a 5-3 formation down has been completed, and the development of the corrective part of this pattern has begun.

If the current assumption continues to receive support, then, most likely, after a slight pullback down, the price of oil will continue local, corrective growth.

Wtih1 5Wtih4 5

11-08-2022

WTI

The price of oil of this grade continues to remain under pressure, and it is likely that the development of a series of the first 1-2 1-2 waves of decline has completed at the junior degrees.

That is, although there is still a possibility of updating the local maximum, if the price can stay below the critical level, this fact may increase pressure on the price of oil, and lead to a significant downward movement of the price.

Wtih1 4Wtih4 4

10-08-2022

WTI

The price of oil of this grade continues to remain under pressure, and it is likely that the development of a series of the first 1-2 1-2 waves of decline has completed at the junior degrees.

That is, although there is still a possibility of updating the local maximum, if the price can stay below the critical level, this fact may increase pressure on the price of oil, and lead to a significant downward movement of the price.

Wtih1 3Wtih4 3

09-08-2022

WTI

The price of oil of this grade is likely to be completing or has already completed the development of a series of the first 1-2 1-2 waves of decline at the junior degrees.

That is, although there is still a possibility of updating the local maximum, if the price can stay below the critical level, this fact may increase pressure on the price of oil, and lead to a significant downward movement of the price.

Wtih1 2Wtih4 2

08-08-2022

WTI

The price of oil of this grade confidently continues to move down, and it is possible that the development of a series of the first 1-2 1-2 waves of decline is being completed or has already been completed at the junior degrees.

That is, although there is still a possibility of updating the local maximum, nevertheless, if the price can stay below the critical level, this fact may increase pressure on the price of oil, and lead to a significant downward movement in the price of oil.

Wtih1 1Wtih4 1

2022-08-06

The price of oil of this grade confidently resumed its downward movement and formed a new minimum in 2022, continuing to support the current assumption.

That is, although there is still a possibility of updating the local maximum, nevertheless, if the price can stay below the critical level, this fact may increase pressure on the price of oil, and lead to an increase in the dynamics of price decline.

Wtih1Wtih4

August

The price of oil of this grade within the framework of the scenario under consideration is likely to have completed the development of another pattern in the form of a 5-3 formation down at lower degrees, and entered the stage of formation of the structure of a protracted impulse wave of decline.

If the current assumption continues to receive support, then fixing the price below the confirming level may increase pressure on the price of oil.

Wtidaily 1

August

The price of oil of this grade within the framework of the scenario under consideration, quite after the completion of the pattern in the form of a 5-3 formation down, confidently continued to move down, once again confirming the socionomic theory, according to which the number of bulls reaches the maximum value at the highs.

If the current assumption continues to receive support, then fixing the price below the confirming level may increase pressure on the price of oil.

Wtiweekly

August 2022

The price of WTI grade oil, as expected, confidently continued to grow, and at the moment has completed the development of an upward momentum, which may very likely indicate that the correction wave in the form of a plane has taken a completed form.

That is, there is a high probability that the development of a large downward momentum is already in full swing at the daily degrees, and if this assumption is supported, then for a relatively long time we should expect quite significant pressure on the price of oil.