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Elliott Wave Crude Oil Futures Options CFDs 8 February 2019

Elliott Wave Crude Oil Futures Options CFDs 8 February 2019

Elliott-Wave-Oil-fut...

Elliott Wave Crude Oil Futures Options CFDs 8 February 2019

Oil 1 Hour Chart
Friday, 08 February 2019 at 8:38:00PM AEST

Another risk-off indication is crude oil where we see price coming down to 51.28 level, which can be a temporary support for wave A), so more weakness after wave B) rally.

oil1hr02-08

 

Oil 4 Hour Chart
Friday, 08 February 2019 at 7:23:00PM AEST

Crude oil is dropping from the 55.72 level, suggesting that sub-wave A) as part of a three-wave pullback of a higher degree wave 2 is in play. In such case, be aware of more weakness, ideally towards 50.06 potential support region, where former swing lows can react as a bounce for the stock market.

oil4hr02-08


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Elliott Wave Crude Oil,  Crude Oil Futures, Crude Oil Options, Crude Oil CFDs

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