PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

«
»

January 10th, 2018: OIL WTI Chart Update

Posted by pugsma on January 10, 2018

3:00 pm EST:   Back on May 5th, 2017 with OIL WTI trading down at $45.50 I made intermediate term forecast that OIL WTI would head higher toward at target at $63 to $74.    Here we are on January 10th, 2018 with OIL WTI trading at $63.45.

Basically OIL WTI has moved higher from the $26 bottom in an [A]-[B]-[C] corrective wave to the [C]=0.62[A] target of $63.   There is still a potential higher target at the [C]=[A] target of at $72.

OIL WTI Weekly Chart Comparison 5-5-17 vs 1-10-18:

OIL WTI Technical Analysis

This entry was posted on January 10, 2018 at 3:01 pm and is filed under OIL. Tagged: , . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»
 
%d bloggers like this: