“Climbing Oil Prices Bearish for Stocks”? It’s a Myth!

by ForexCycle.com | September 14, 2023 12:11 am
By Elliott Wave International There’s a widespread belief that rising oil prices are bearish for the main stock indexes and falling oil prices are bullish for stocks. That belief is reflected in this Sept. 5 CNBC headline:...

WTI Oil Price: Upside Move Continues

by ForexCycle.com | July 26, 2023 10:05 am
WTI has recently extended its upward trend, rising from 63.95 to as high as 79.76 and breaking above the 74.65 resistance level. This could lead to a further rise towards the key resistance level of 83.37 in...

Analysis of WTI Crude Oil Price Trend

by ForexCycle.com | May 17, 2023 3:48 am
After reaching a high of 126.35 in March 2022, prices have consistently declined, hitting a low of 63.95 on May 4th this year. The completion or continuation of this downward trend hinges on the key resistance level...

Crude Oil: Will “Banking Crisis Send Prices Even Lower”? Ha!

by ForexCycle.com | April 1, 2023 12:51 pm
By Elliott Wave International The failures of Silicon Valley Bank, Silvergate Bank and Signature Bank have prompted a lot of discussion about the potential of a domino effect. People are wondering “what’s next?” The financial press is...

Crude Oil Couldn’t Care Less About “Fundamentals”

by ForexCycle.com | March 2, 2023 8:52 am
By Elliott Wave International If there’s one financial market that investors evaluate based on “market fundamentals,” it’s crude oil. This Feb. 10 Reuters news item provides an example: Oil may resume its rally in 2023 as Chinese...

CL_F: Crude Oil Futures Found Support From Equal Legs Area

by elliottwave-forecast.com | February 13, 2023 9:24 pm
Hello Traders in this blog we will see how CL_F Crude Oil Futures found support from equal legs area and reacted higher within wave 2. Many traders are wondering whether Crude Oil will still trade lower or...

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,...