Elliott Wave View: Correction in Oil Completed

by elliottwave-forecast.com | September 17, 2020 3:32 pm
Elliott Wave View of Oil (CL) suggests the cycle from August 26 high has ended as wave II. The correction unfolded as double three Elliott Wave Structure. Down from August 26 high, wave ((W)) ended at 40.22 low....

$USO United States Oil Fund Longer Term Cycles & Elliott Wave

by elliottwave-forecast.com | September 14, 2020 3:46 pm
$USO United States Oil Fund Longer Term Cycles & Elliott Wave Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an...

Elliott Wave View: Further Upside in Oil (CL)

by elliottwave-forecast.com | August 27, 2020 11:37 am
Elliott Wave View of Oil (CL) suggests the correction against the cycle from July 30 low has ended as wave B. The dip unfolded as running flat Elliott Wave Structure. Down from August 5 high, wave ((a)) ended...

OIL ( $CL_F) Forecasting The Rally From The Blue Box Area

by elliottwave-forecast.com | August 10, 2020 3:31 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, commodities have been giving...

OIL Reacting Higher Perfectly From Elliott Wave Blue Box Area

by elliottwave-forecast.com | July 22, 2020 4:14 pm
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of OIL, which we presented to members. In which, the rally from 25 June 2020 lows is nesting higher in an...

Elliott Wave View: Oil (CL_F) Extending Higher

by elliottwave-forecast.com | July 16, 2020 4:13 pm
Light Crude Oil 45 minutes chart below shows that the commodity has ended cycle from July 6 high as wave 2 at 38.56 low. The pullback unfolded as a flat Elliott Wave Structure. From July 6 high,...

Elliott Wave View: Oil Looking To Break Higher

by elliottwave-forecast.com | July 9, 2020 4:24 pm
Light Crude Oil 45 minutes chart below shows that the commodity has ended wave (2) pullback at 37.09 low.  From there, the commodity extended higher, with the rally unfolding as a diagonal Elliott Wave structure. Up from that...

Elliott Wave View: Leading Diagonal in Oil

by elliottwave-forecast.com | May 5, 2020 3:43 pm
Short Term Elliott Wave outlook in Oil (CL_F) suggests the decline to $6.53 ended wave ((3)). Wave ((4)) recovery is unfolding as a zigzag Elliott Wave structure where wave (A) is currently in progress as a leading...