Elliott Wave View: Oil Shows 5 Waves Rally

by elliottwave-forecast.com | February 19, 2020 4:14 pm
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...

Oil (CL_F) Selling Wave Four Bounce At The Blue Box Area

by elliottwave-forecast.com | February 3, 2020 4:40 pm
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. ...

Elliott Wave View: Oil Downside Target

by elliottwave-forecast.com | January 23, 2020 4:17 pm
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: Oil ($CL_F) Decline in Impulsive Structure

by elliottwave-forecast.com | January 9, 2020 4:00 pm
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 Jump as Middle East Tension Escalated

by elliottwave-forecast.com | January 6, 2020 4:31 pm
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...

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 Assistant Traders | 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...