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...

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

by elliottwave-forecast.com | April 20, 2020 4:35 pm
$USO United States Oil Fund Elliott Wave & Longer Term Cycles 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: Crude Oil (CL_F) Sellers Remain In Control

by elliottwave-forecast.com | April 16, 2020 3:45 pm
Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then...