MCX Crude Oil Elliott Wave Forecast

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MCX Crude Weekly chart


In my earlier articles about Crude Oil I had been mentioning for the level of 3000 down once the level of 3500 was broken. When this level was breached it came down till 2151 after there was no out come from Russia and Saudi Arabia.

From ElliottWave analysis, I think that wave b is over in a regular flat pattern which will now open wave c up. This wave c will be impulse in nature and can move till 5600 and complete another way e at one higher degree.

Learn ElliottWave and Neo Wave analysis with me in my 4 day course in Mumbai, classroom training available. If you are not in Mumbai webinar is available. The cost will be INR 10,500/- or $155. For registration or inquiry call +919324174580.

Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful.
SBI

28 July 2020 at 14:45
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