Elliott Wave View: Crude Oil Breakout In Progress

by elliottwave-forecast.com | March 14, 2019 7:34 pm
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...

Elliott Wave View: Crude Oil on the Verge of a Breakout

by elliottwave-forecast.com | February 28, 2019 9:49 pm
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

by Dmitriy Zeland | February 19, 2019 9:09 am
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...

OIL Elliott Wave Forecasting The Decline

by elliottwave-forecast.com | December 31, 2018 9:03 pm
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 ForexCycle.com | August 18, 2018 1:55 am
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

by elliottwave-forecast.com | August 9, 2018 12:10 pm
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

by elliottwave-forecast.com | August 2, 2018 10:40 am
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

by elliottwave-forecast.com | July 11, 2018 10:01 am
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

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...