Valero Energy Corporation., (VLO) manufactures, markets & sells petroleum based & low-carbon liquid transportation fuels & petrochemical products in the US, Canada & internationally. It comes under Energy sector & trades as “VLO” ticker at NYSE.
In weekly, VLO favors impulse sequence in ((3)) of I of (III). It should continue rally into $367.8 – $396.34 area to extend sequence from June-2026 low before correcting next. We like to buy the next pullback in ((4)) in 3, 7 or 11 swings at extreme area.
In weekly, it ended (I) of ((III)) at $184.79 high (4.05.2024) & (II) at $99.00 low (4.07.2025). Above there, it favors rally in I of (III). Within I of (III), it ended ((1)) at $155.12 high, ((2)) at $130.78 low & favors rally in (5) of ((3)) against 6.18.2026 low. It placed (1) of ((1)) at $117.39 high, (2) at $105.87 low, (3) at $142.93 high, (4) at $133.27 low & (5) at $155.12 high. Within ((3)), it ended (1) at $178.43 high, (2) at $155.29 low, (3) at $265.61 high, (4) at $232.72 low & favors rally in (5). It is having extended (3) & (5) in ((3)). Within (3), it ended 1 at $185.62 high, 2 at $159.90 low, 3 at $258.43 high, 4 at $214.71 low & 5 at $265.61 high.
VLO – Elliott Wave Latest Daily View:
Above (4), it ended 1 of (5) at $320.24, 2 at $291.45, 3 at $352.70, 4 at $335 & favors 5 towards $367.8 – $396.34 area. It is bullish in daily & expect buyers to re-enter in the pullback of 3, 7 or 11 swings in ((4)) later. If it breaks below $335 low, it can be correcting in ((4)), while placed ((3)) at last peak. In that case, ((4)) should pullback between 0.236 – 0.382 Fibonacci retracement level of ((3)) before rally continue. If it breaks above $396.35, then it can see even more upside as 3 red marked can turn smallest within (5), which is not allowed.
VLO – Elliott Wave Daily View From 8.03.2026:
Source: https://elliottwave-forecast.com/stock-market/vlo-upside-target-367-8-396-34-with-pullback-ahead/