Crude Oil (CL)

Spectrum.

Weekly. Stay bullish till Apr 2021. After a short-run cutback the increase will continue.

Daily. Wavelet hunter suggests bearish turn from a middle of this week till the middle of Sept.

At the same time Q-Sp projection contradicts to wavelet hunter and forecast an increase from TU this week.

Annual cycle analysis.

Similar to Spectrum's complication we have undetermined direction from annual cycle lines. All this means that CL is not the most attractive for trading instrument for a week.

Elliott waves analysis.

it will be added from 08/31

ZZ structure.

Both ZZs are bullish while 38.72 holds as a crucial level for L-2 blue ZZ. Thus, further growth is expected.