Crude Oil: Why You Should Look Beyond Supply / Demand

by ForexCycle.com | November 30, 2022 9:33 am
By Elliott Wave International As I write on the morning of Friday, Nov. 18, crude oil is on track for its second weekly decline. The financial media usually finds “reasons” for a market’s price action that are...

Crude Oil: 23 Years of Spot-on Forecasts You Can Fact-Check

by ForexCycle.com | November 10, 2022 12:51 am
By Elliott Wave International Everyone who drives a car is relieved that gas prices have dropped from what they were a little while back. However, if one major Wall Street firm is correct, get ready for higher...

Oil at $130: Look Beyond Supply and Demand

by ForexCycle.com | March 12, 2022 2:36 am
By Elliott Wave International Most everyone knows that oil and gasoline prices have been soaring, and this steady climb started well before the Russia-Ukraine conflict. The upward trend began in April 2020, when oil prices briefly went...

Cotton, soybeans, crude oil: Simplicity wins

by ForexCycle.com | March 12, 2021 9:14 am
You come to our website looking for market answers. Well, with the help of our friends at Elliott Wave International, we are happy to offer you a new, free opportunity to see what’s likely next for cotton,...

Elliott Wave View: Oil (CL) Impulsive Rally In Progress

by elliottwave-forecast.com | December 17, 2020 3:31 pm
Rally in Oil (CL) from Nov 2 low is unfolding as 5 waves impulsive Elliott Wave structure. In the 60 minutes chart below, we can see wave 3 of this impulse ended at 47.74. Wave 4 pullback then...

Elliott Wave View: Oil Looking To Break Higher

by elliottwave-forecast.com | July 9, 2020 4:24 pm
Light Crude Oil 45 minutes chart below shows that the commodity has ended wave (2) pullback at 37.09 low.  From there, the commodity extended higher, with the rally unfolding as a diagonal Elliott Wave structure. Up from that...

Crude Oil Staging Furious Comeback

by elliottwave-forecast.com | May 21, 2020 3:25 pm
Crude Oil prices are staging impressive comeback after last month’s collapse to -$30. Sentiment in Oil has vastly improved in the past few weeks.  Hopes of the supply cut as well as demand rebound help to support...

$USO United States Oil Fund Elliott Wave & Longer Term Cycles

by elliottwave-forecast.com | April 20, 2020 4:35 pm
$USO United States Oil Fund Elliott Wave & Longer Term Cycles Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an...

Elliott Wave View: Crude Oil (CL_F) Sellers Remain In Control

by elliottwave-forecast.com | April 16, 2020 3:45 pm
Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then...