Are Rising Oil Prices Sending Stocks into a Downtrend?

by ForexCycle.com | March 18, 2022 12:37 pm
By Elliott Wave International A long-held assumption is that “oil shocks” or dramatically rising oil prices are bearish for stocks. Look at these headlines: Dow slides nearly 800 points as oil hits $120 a barrel (Washington Post,...

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...

Will Oil Prices Skyrocket in the Aftermath of Hurricane Ida?

by ForexCycle.com | September 3, 2021 2:38 pm
By Elliott Wave International As you probably know, Hurricane Ida hit Louisiana on August 29, the exact date that Hurricane Katrina made a Louisiana landfall sixteen years earlier. On August 30, the Wall Street Journal said: Oil...

OIL ( $CL_F ) Buying The Dips After Elliott Wave Zig Zag Pattern

by elliottwave-forecast.com | July 12, 2021 3:19 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL Futures ( $CL_F) , published in members area of the website.  As our members know, we’ve...

OIL ($CL_F) Buying The Dips At The Blue Box Zone

by elliottwave-forecast.com | February 9, 2021 4:39 pm
Hello fellow traders.  OIL  Futures ( $CL_F ) is another instrument that has given us nice trading opportunity lately . As our members know the commodity is showing bullish sequence. We recommended members to avoid selling the commodity...

Elliott Wave View: Oil (CL) Impulsive Rally In Progress

by elliottwave-forecast.com | December 17, 2020 3:31 pm
Rally in Oil (CL) from Nov 2 low is unfolding as 5 waves impulsive Elliott Wave structure. In the 60 minutes chart below, we can see wave 3 of this impulse ended at 47.74. Wave 4 pullback then...

Post-Pandemic Future Demand Recovery Supports Oil

by elliottwave-forecast.com | December 8, 2020 4:37 pm
The news that Covid-19 vaccines will soon be available to fight the pandemic has boosted the global oil markets. Demand has plummeted since the start of the pandemic. Organization of the Petroleum Exporting Countries (OPEC) projects 2020...

OIL ( $CL_F ) Buying The Dips At The Blue Box Area

by elliottwave-forecast.com | December 7, 2020 3:52 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL, published in members area of the website.  As our members know, OIL is another instrument that...