From the simple method of counting out an A-B-C movement with the recent consolidation having been "B", it remains possible to see oil getting to or above $90. Consider that it rose from about $35 to a little over $70, so applying that $35 range to the recent low price around $60 points to a symmetry C=A target of $95. The default P&F chart at Stockcharts.com assigns WTIC a bullish objective at $91, after a "double top breakout" on July 31. My daily chart shows a possible path for this ... although I'll note that the breakout recently did not give it a new high for the entire rally. Sounds simple, but let's see it do that first to have some certainty. Meanwhile, if you check out my monthly chart below, you'll also find that the level about $92 would be a 50% retracement to the peak. However, the level about $78 would be a .382 retracement. That's a latent obstacle to be aware of if oil does continue its advance.
There certainly is chart resistance on the monthly chart around this area, but the indicators are supporting at least on the daily. On the monthly, the StochRSI could be interpreted as a test up to the midline, but that doesn't guarantee it doesn't move higher if only to $78.
From the Elliott Wave perspective, it remains possible to interpret it as either working out a big wave 4 or a "B" wave with the possibility to lower lows. On the daily chart, there remains some possibility it can be interpreted as a triangle if it continues to meander underneath the $74/75 level. If it breaks the trendline and/or makes a new swing low, that won't look good! Of course it looks more concerning on the monthly chart, where I can still see the possibility of oil in the $20's if it doesn't retain support.

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