Elliott Wave View: Crude Oil Breakout In Progress
In our previous Chart of The Day on February 28, we suggested that Crude Oil (CL_F) is on the verge of a breakout. It has now confirmed our view as price extends higher and breaks above March...
Tag: Crude Oil
Elliott Wave View: Crude Oil on the Verge of a Breakout
The 4 time frame is favored turning up. The 1 hour right side is higher. While above the 2/15/19 lows expect the pair higher. Since bottoming at $42.36 on December 24, 2018, Crude Oil (CL_F) has rallied...
Crude Oil: The Goal of Raising Is 59.08
The total capitalization of investing cash in derivatives for Crude Oil was $ 302 billion 112 million. The decrease in capitalization over the previous reporting week was 4%. The superiority of bull positions in monetary terms amounted...
Crude Oil: The first goal of raising is the monthly balance level 56.00
Total cash investments among the major participants in the CME Group of Crude Oil derivatives trading decreased by 5%. At the same time, the total capitalization of investments in dollars amounted to $ 256 billion 588 million....
OIL Elliott Wave Forecasting The Decline
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of OIL published in members area of the website. As our members know, we were calling for decline in OIL...
Why Oil Prices Fell — Stockpiles or Price Pattern?
By Elliott Wave International Let’s cut right to the chart below. The shaded triangle highlights the dramatic price action in crude oil prices on August 15, when crude plummeted 3% to its lowest level in over nine...
OIL Elliott Wave Analysis: Extending to the Downside
Oil ticker symbol: CL_F short-term Elliott wave analysis suggests that the bounce to $70.44 high ended intermediate wave (2). The internals of that bounce took place as Elliott wave double correction where Minor wave W ended in 3 swings at $69.92....
Elliott Wave Analysis: OIL Starting The Next Leg Lower
OIL short-term Elliott wave analysis suggests that the bounce to $71.13 high ended primary wave ((B)) bounce against 7/03/2018 peak ($75.27). Primary wave ((C)) lower currently remains in progress as Elliott Wave impulse structure looking for more downside. Down from $71.13...
OIL Elliott Wave View: Providing Buying Opportunity Soon
OIL short-term Elliott Wave view suggests that the pullback to $63.39 on 6/18/2018 low ended primary wave ((4)). Up from there, the instrument rallied strongly to the upside and went on to make new high for the year. A rally...
OIL Elliott Wave Impulse Structure Calling For More Upside
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...