By Elliott Wave International There’s a widespread belief that rising oil prices are bearish for the main stock indexes and falling oil prices are bullish for stocks. That belief is reflected in this Sept. 5 CNBC headline:...
WTI has recently extended its upward trend, rising from 63.95 to as high as 79.76 and breaking above the 74.65 resistance level. This could lead to a further rise towards the key resistance level of 83.37 in...
After reaching a high of 126.35 in March 2022, prices have consistently declined, hitting a low of 63.95 on May 4th this year. The completion or continuation of this downward trend hinges on the key resistance level...
Energy markets are among the most volatile right now with opportunities and risks aplenty. Here’s your chance to anticipate the NEXT big move in the energy sector BEFORE it starts. Our friends at Elliott Wave International just unlocked...
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...
