Elliott Wave view in Sweet Crude Oil Futures (CL_F) suggests that the decline from April 23, 2019 high (66.6) is unfolding as a 5 waves impulse Elliott Wave structure. Down from April 23, 2019 high, wave (1)...
OPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel...
Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave structure with a nest. Up from February...
In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F). Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down. ...
Oil has extended lower and short term Elliott Wave view suggests the decline from 1.8.2020 high is unfolding as a zigzag Elliott Wave structure. Down from January 8 high, wave A ended at 57.36 as a 5...
Elliott Wave view on Crude Oil ($CL_F) suggests rally to $65.69 on January 8, 2020 ended wave (1). This ended a 5 waves rally from October 3, 2019 low. Oil is now doing wave (2) pullback to correct...
Crude Oil prices jumped by more than $2 after US drone strike killed top Iranian general. Fears mount that Iran may target the oil industry infrastructure across the region in the event of further tit-for-tat escalation. Last...
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...
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...
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...
