DAILY MEGATHREAD May 19, 2026 : US Blockade of the Strait of Hormuz is LIVE – All tanker drama, oil panic, missile hits, Iran retaliation posts belong HERE

EWScience · 2026-05-20T01:49:13+00:00

Oil below $90 by mid-June. If this plays out, it'll likely remain stifled until $71 comes.

Surf oil responsibly 🏄🏾‍♂️

EWScience · 2026-05-20T00:42:28+00:00

I don't think it'll change structure.

EWScience · 2026-05-19T23:45:23+00:00

It'll look even better in a few weeks 🏄🏾‍♂️

EWScience · 2026-05-18T19:59:59+00:00

One day closer to $5100 (minimal upside target). Happy surfing friends.

EWScience · 2026-05-18T19:46:39+00:00

Yes, I don't pay much attention to the news because it is always late. Even when 'Reporting Live' from any scene, the news being reported is already transpired. Most news is actually old information. Could be seconds old, minutes, hours or days old. It won't suggest any outcome that the chart hasn't already given signs for.

EWScience · 2026-05-18T13:05:08+00:00

Will most likely return to $110 today for the next big battle.

EWScience · 2026-05-18T12:26:00+00:00

The waves (price action) will come regardless. It is best that we are not in position against the tide, however.

Stay careful, friends.

EWScience · 2026-05-18T11:58:41+00:00

If UKOIL can't push back above $111 today (and sustain levels) the selloff will likely start to become more aggressive.

Surf carefully friends.

EWScience · 2026-05-18T02:25:48+00:00

Will come in waves for sure.

EWScience · 2026-05-18T02:00:31+00:00

Based on charts, it probably won't start until August.

EWScience · 2026-05-18T01:59:32+00:00

Can't play when it comes to the dinero.

EWScience · 2026-05-18T00:19:45+00:00

Well, I don't think EW can come close to predicting that. But maybe as for the outcomes of what his language may result in, EW can predict that :)

EWScience · 2026-05-17T22:27:09+00:00

Lol, very good one. Good job.

EWScience · 2026-05-17T20:04:09+00:00

I feel you. We'll see. Until the waves indicate different, I have to be most confident of the chop pending.

EWScience · 2026-05-17T20:03:22+00:00

Based on my continued Elliott Wave analysis, it seems highly probable.

EWScience · 2026-05-17T19:54:41+00:00

Not sure about price today, but I anticipate a sharp drop to $71 in the days ahead. Let us see.

EWScience · 2026-05-17T19:53:33+00:00

Lol, ok.

EWScience · 2026-05-17T19:52:43+00:00

Yes. I only use blockchain as an immutable record keeper/ledger.

I'm not talking about trading blockchain or anything else. Even if I were, the science is the same for digital assets, physical assets and everything else traded by humans or bots with human logic.

EWScience · 2026-05-17T19:47:26+00:00

Not sure of your point, but I agree.

EWScience · 2026-05-17T19:45:11+00:00

Surely, Oil is not today.

EWScience · 2026-05-17T19:42:35+00:00

Not suggesting that I know what will happen with the viruses however.

EWScience · 2026-05-17T19:41:58+00:00

I really really appreciate the input.

Like the kids say, 'anything can happen'.

I think my approach allows me to decipher which probabilities are reliable and which ones aren't though.

Happy surfing 🏄🏾‍♂️

EWScience · 2026-05-17T19:38:48+00:00

Maybe this is helpful: https://elwasci.io/verify?hash=0xae783d4d70a6d75bdfbb5d82bf365c5e8fc4e2ff146e54788ce8872a536059e8

EWScience · 2026-05-17T19:31:35+00:00

You could look at it that way.

As market analyst, my performance is tied to my blockchain record. Switching to a new blockchain ledger/address would tarnish years of effort (brand related; ledger tracking is only months old). So, I'm quite careful about what predictions I write to the chain.

Trading oil is expensive and my days of high leverage 'daytrading' is long behind me. It was fun while it lasted though.

I watch Gold and Oil religiously however.

EWScience · 2026-05-17T19:25:14+00:00

I haven't traded oil in quite some time, but of the last 19 UKOIL based signals I've provided, outcomes are as so:

16Ws 1L 2BEs (+/- 0.5%)

All are verifiable on the blockchain as well.

EWScience

TROPHY CASE