Oil Prices and the 2019 Hurricane Season

by ForexCycle.com | July 10, 2019 10:56 am
By Elliott Wave International In May, the National Oceanic and Atmospheric Administration predicted a near-normal 2019 hurricane season, which runs from June 1 to November 30. But, the season got off to an early start with the...

Chevron Elliott Wave View: Stock Can Take Oil To $100

by elliottwave-forecast.com | July 4, 2019 8:41 pm
Hello fellow traders. In today blog, we will have a look at Chevron Corporation (CVX) which is an American energy corporation based in San Ramon, California. It is one of the worlds largest oil companies. We will...

Elliott Wave View: Oil Can see Profit Taking Soon

by elliottwave-forecast.com | April 2, 2019 7:02 pm
After forming the low on December 24, 2018 low at $42.36, Oil has continued to recover. The rally from Dec 24 last year looks to be unfolding as a zigzag Elliott Wave Structure. The instrument should soon...

OPEC Supply Cuts Continue To Support Oil Prices

by elliottwave-forecast.com | March 14, 2019 7:34 pm
Oil prices rose 1 percent on Monday after Saudi Arabia reiterated that OPEC will continue to maintain the production curb. Riyadh plans to keep output well below 10 million barrels per day and reduces export to below...

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...

OIL ($CL_F) Elliott Wave Forecasting The Rally

by elliottwave-forecast.com | February 27, 2019 8:42 pm
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 we were calling for further strength in OIL lately. Pull back against...

Crude Oil: The Goal of Raising Is 59.08

by Dmitriy Zeland | 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...

Elliott Wave Analysis: Wait for the Setup and Bet on Oil

by elliottwave-forecast.com | January 31, 2019 7:27 pm
Welcome traders, today we will look at a couple of Oil futures (CL #F) charts. After reaching a short term top, patience leads us to a trading opportunity. See how profitable and efficient it can be to...

Elliott Wave Analysis: Further Strength Expected in Oil

by elliottwave-forecast.com | January 20, 2019 8:54 pm
In this blog, I want to share with you some Elliott Wave charts of Oil which we presented to our members at Elliott Wave Forecast. You see the 1-hour updated chart presented to our clients on the 01/10/19. Oil ended...