USOIL | Wave analysis of the ticker

#USOIL. It seems the wave [iii] of “3” is going. Did you buy it?

#USOIL. I’m in anticipation of a rise in oil. A serious rise like this.

#USOIL. Tothemoon is coming.

#USOIL. Well, oil and gas are also monitored. By the way, I do not change the count on WTI – there is no breakdown of the beginning of the wave “1” on most quotes, and there is none in principle on BRENT. It’s an anomaly :o)

#USOIL. Updated the trading plan, while I’m waiting.

#USOIL. Watching for oil, a good entry point is possible soon.

A month ago I was labelling the history of oil for you from the century before last (https://t.me/eightyninewaves/3471), and all for good reason! This global hypothesis will soon allow us to make a good deal and catch oil rising to historic highs. We are now at the very beginning of a commodity bull cycle.

The chart shows a trading plan with a risk to profit ratio of around 15, which is very interesting for the commodity market.

But I wonder another thing: will it be 100 roubles per dollar and 100 dollars per barrel of oil again?

#USOIL. There is a setup similar to silver. Waiting for a break of the trend line up and re-enter a long.

#USOIL. The riskier stop on light oil is marked in orange on the chart.

#USOIL. Started buying call options on oil. Don’t miss this week’s long entry point.

#USOIL. Updated the trading plan, just waiting for now.

#USOIL. Drew a trend line – waiting for an entry point. Trade plan is on the chart.

#USOIL. There was a take on the speculative position.

#USOIL. Take is soon, but put a stop into breakeven on the speculative long anyway.

#USOIL. If anyone hasn’t taken a long of oil on small degrees, now is the time.

#USOIL. A setup has appeared on small degrees – a triangle in the wave (iv). I’m taking a long.

#USOIL. Oil opened with a gap on news of a “sudden” production cut by OPEC+ countries. Was it possible to predict the sudden event? No, but you could see its dynamics from the March 30 by waves, I was expecting the wave [iii].

#USOIL. The logic of strengthening the ruble is the same – the growth of oil and gas, oil is still growing, but gas – not. We’re waiting…

Judging from the chart, WTI oil has completed the wave (B) of [3] on sentiment about Europe’s refusal to consume Russian hydrocarbons and the very low price of those hydrocarbons. I see upside potential in the wave (C) of [3], which will take WTI oil price to historical highs.

I am now buying call options expiring in the summer and expect a 40% rise closer to it. But you can try futures and CFDs too, because the situation on the small degrees is very similar to the [i]-[ii] of “1” of (C). Approximate movement pattern is on the chart.

The wave “I” in oil was all about efficient transportation and the rise of mass-produced automobiles, as well as the abandonment of whale oil and alcohol in favor of oil. The Standard Oil company, which was known for their barrels of oil transport, has flipped the game. It made the first mass-produced gasoline-powered automobile possible, the Ford Model T.

The wave “II” was tied to the Great Depression, which began after “Black Thursday” on October 24th, 1929. This crisis situation led to a significant decrease in demand for oil and a reduction in production.

The wave “III” was tied to the explosive post-war growth period. Many events took place during this time that affected the world economy and the oil industry. For example, OPEC imposed an embargo on oil supplies to certain countries, which led to a sharp rise in oil prices.

As a result, the market faced serious problems related to oil shortages, which were caused by the crisis of the 70s, the decoupling of the dollar from gold, and the wars in the Persian Gulf. That’s where the wave “IV” began, which lasted from 1980 to 2002 and looked like a running triangle.

And finally, the wave “V” is now forming in the phase (B) of [3] or (C) of [3]. Give me 10 likes on this post, and I’ll show you the hours TF (the local picture) – there are already entry points and a detailed analysis of the wave [3] of “V”.