Elliott Wave View: Oil Downside Target

by elliottwave-forecast.com | January 23, 2020 4:17 pm
Oil has extended lower and short term Elliott Wave view suggests the decline from 1.8.2020 high is unfolding as a zigzag Elliott Wave structure. Down from January 8 high, wave A ended at 57.36 as a 5...

CL_F Zigzag Elliott Wave Structure

by elliottwave-forecast.com | March 19, 2019 5:54 pm
In this blog, we will take a look at the price action and Elliott wave structure of Crude Oil since December 24, 2018 low. Understanding the structure of initial rally up from December 24, 2018 low reveals...

OIL Elliott Wave Impulse Structure Calling For More Upside

by elliottwave-forecast.com | June 28, 2018 3:04 pm
OIL short-term Elliott Wave view suggests that the decline to $63.59 on 6/18/2018 low ended primary wave ((4)) pullback. Above from there, the instrument has rallied to new highs already. And confirming the next extension higher taking place in...

Oil Price on Holding Pattern Ahead of OPEC meeting

by elliottwave-forecast.com | June 18, 2018 2:48 pm
The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna next week to discuss potential reduction or revision to the 1.8 million barrels/day production cut put in place in early 2017. After yearlong rise in...

OIL ( CL_F ) Elliott Waves forecasting the rally

by elliottwave-forecast.com | August 1, 2017 10:48 am
Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave chart of OIL ( CL_F ) published in members area. In further text we’re going to explain the...

OPEC Meeting and Impact on Crude Oil

by elliottwave-forecast.com | May 31, 2017 3:48 pm
OPEC ended its highly anticipated meeting on Vienna last Thursday to discuss about extending the production cut in Crude Oil. They have decided to extend the current agreement to cut production output by 1.8 million barrels per day by...

Crude Oil Elliott Wave View: Mature Cycle

by elliottwave-forecast.com | April 12, 2017 8:17 am
Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...

CL_F Elliott Wave View: Ending a cycle

by elliottwave-forecast.com | April 11, 2017 9:01 am
Short term Elliott Wave view in Crude Oil (CL_F) suggests that cycle from 3/22 low (47.01) is unfolding as a double three Elliott wave structure where Minute wave ((w)) ended at 50.85 and Minute wave ((x)) ended at 49.88. Minute...

Crude Oil (CL_F) Elliott Wave View: 5 Wave Impulse

by elliottwave-forecast.com | April 4, 2017 3:54 pm
Crude Oil (CL_F) started rallying from 03/22 low in a bullish structure which still needs another leg higher to become 5 impulsive waves. The instrument ended the minute wave (( iv )) at the 23.6% Fibonacci retracement area 49.96 from...