Elliott Wave View: Oil (CL_F) Extending Higher
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,...
Tag: Oil
Elliott Wave View: Oil Looking To Break Higher
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...
Stocks, Oil: See How Elliott Waves Help You Avoid “Getting Married to the Trend”
By Elliott Wave International Most investors make the mistake of linearly extrapolating a financial trend into the future, especially at junctures when that trend is near a turn. In everyday terms, it’s called “getting married to the...
Forecasting Crude Oil: Since 1998, This Method Has Been the Undefeated Champion
By Elliott Wave International In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever. This chart captures crude’s three-month, 80%-plus nosedive to 3-decade lows. (Price data as...
Elliott Wave View: Leading Diagonal in Oil
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
$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
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...
Crude Oil’s 2020 Crash: See What Helped (Some) Traders Pivot Just in Time
By Elliott Wave International Let’s start by establishing that the stock market is not driven by the news. Aggregate stock prices are driven by waves of optimism and pessimism — which go from one extreme to another...
Elliott Wave View: Sweet Crude Oil (CL_F) in Ending Diagonal
Elliott Wave view in Sweet Crude Oil Futures (CL_F) suggests that the decline from April 23, 2019 high (66.6) is unfolding as a 5 waves impulse Elliott Wave structure. Down from April 23, 2019 high, wave (1)...
Oil Craters 30%, How Low Can It Go?
OPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel...