By Elliott Wave International Looking back on 2022, one of the biggest fears about oil was that prices would skyrocket even more than they did due to a disruption in supply from Russia. Of course, Russia has...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL . As our members know, break of 09/27 low made incomplete bearish sequences in the cycle...
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL . As our members know, OIL is having bearish sequences in the cycle from the 123.8...
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,...
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...
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...
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...
Almost exactly a year ago, oil prices went negative $40. Today, with crude trading at $60, you’re hearing lots of opinions as to what’s next. “Electric car revolution” … “reopening economy” … “end of commute” … “start of...
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...
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...
