Crude Oil Wave Structure, and Why $120+ Gets Dangerous #oil #crude #elliottwave
1 extracted signal · 1 resolved · 0 still active
Grega Horvat Elliott Wave AnalysisIndependent analyst profile- Source published
- 20 Sept 2026, 07:33 UTC
- Recorded by Tahlil Plus
- 20 Sept 2026, 10:47 UTC
AI-generated source summary
The analysis focuses on Crude Oil (WTI) and USDNOK. For Crude Oil, the primary count suggests an ongoing five-wave uptrend, with potential targets around 109 and possibly up to 118. Key resistance levels are identified around 99-100 dollars per barrel, and a support area around 94-95 is noted. A significant support is also highlighted around 68.48. The failure bound for the bullish scenario would be below the 90s. An alternative scenario for Crude Oil involves a contracting triangle pattern on the longer timeframe, suggesting potential for a sharp, volatile move. For USDNOK, the analysis indicates a bullish outlook, with a target price of 9.5. The current price is around 9.34. The invalidation level for this bullish move is set below 9.2. The overall sentiment suggests a continuation of the bullish trend for these assets, with key levels to watch for confirmation or invalidation.
AI-generated summary based on the source content.
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Grega Horvat Elliott Wave Analysis
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