Why Oil Prices Fell in the Face of “Supply Shock”

by ForexCycle.com | January 21, 2023 7:09 am
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...

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...