Energy Stocks of XLE Remain Bullish in the Near Term

by elliottwave-forecast.com | February 7, 2019 8:45 pm
The Energy Sector ETF, XLE, remains bullish in the near term. From the lows of $53.25 on 12/24/2018 we are charting a zigzag Elliott wave pattern. The target to the upside is $72.25 while the $61.30 low...

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 Price on Holding Pattern Ahead of OPEC meeting

by elliottwave-forecast.com | June 18, 2018 2:48 pm
The Organization of the Petroleum Exporting Countries (OPEC) will meet in Vienna next week to discuss potential reduction or revision to the 1.8 million barrels/day production cut put in place in early 2017. After yearlong rise in...

HFC HollyFrontier Corporation Impulsive Elliott Wave Rally

by elliottwave-forecast.com | May 17, 2018 3:05 pm
Holly Corporation and Frontier Oil merged in July 2011 to form HollyFrontier Corporation (NYSE: HFC). The company is a petroleum refiner and distributor of petroleum products, from gasoline to petroleum-based lubricants and waxes. Over the past 2...

CVR Energy CVI Showing Bullish Structure

by elliottwave-forecast.com | May 17, 2018 2:42 pm
CVR Energy (NYSE: CVI) is one of the best performing Energy stocks in the recent 2 years yielding +220% since November 2016 low. Despite the correction taking place in the stock market, CVI did manage to retrace the whole decline...

CL_F Elliott Wave View: Calling More Strength

by elliottwave-forecast.com | April 19, 2018 2:32 pm
CL_F Elliott Wave short-term view suggests that the decline to 61.80 on 4/06/2018 low ended Intermediate wave (2). Above from there, Intermediate wave (3) remains in progress as Zigzag Elliott Wave structure. Looking to extend higher towards 70.43-72.47...

First Solar FSLR Recovery in Progress

by elliottwave-forecast.com | November 13, 2017 10:52 am
First Solar (NASDAQ: FSLR) designs and manufactures solar modules using a proprietary thin film semiconductor technology. The company has developed, financed, engineered, constructed and currently operates many of the world’s largest grid-connected PV power plants. First Solar relies almost...

Natural Gas (NG #F) rally is not over yet

by elliottwave-forecast.com | April 7, 2017 10:02 am
NG #F (Natural Gas) has been rallying since forming a low on 2/22 (2.523). Rally is unfolding as a WXY or double three Elliott Wave Structure where wave W completed at 3.089 and wave X completed at 2.882....