Oil (CL_F) Selling Wave Four Bounce At The Blue Box Area
In this blog, we are going to take a quick look at the Elliottwave chart of Oil (CL_F). Oil is proposed to be in wave ((C)) which we expect to unfold as a 5 waves move down. ...
Tag: Oil
Elliott Wave View: Oil Downside Target
Oil has extended lower and short term Elliott Wave view suggests the decline from 1.8.2020 high is unfolding as a zigzag Elliott Wave structure. Down from January 8 high, wave A ended at 57.36 as a 5...
Elliott Wave View: Oil ($CL_F) Decline in Impulsive Structure
Elliott Wave view on Crude Oil ($CL_F) suggests rally to $65.69 on January 8, 2020 ended wave (1). This ended a 5 waves rally from October 3, 2019 low. Oil is now doing wave (2) pullback to correct...
Oil Prices and the 2019 Hurricane Season
By Elliott Wave International In May, the National Oceanic and Atmospheric Administration predicted a near-normal 2019 hurricane season, which runs from June 1 to November 30. But, the season got off to an early start with the...
Chevron Elliott Wave View: Stock Can Take Oil To $100
Hello fellow traders. In today blog, we will have a look at Chevron Corporation (CVX) which is an American energy corporation based in San Ramon, California. It is one of the worlds largest oil companies. We will...
Elliott Wave View: Oil Can see Profit Taking Soon
After forming the low on December 24, 2018 low at $42.36, Oil has continued to recover. The rally from Dec 24 last year looks to be unfolding as a zigzag Elliott Wave Structure. The instrument should soon...
OPEC Supply Cuts Continue To Support Oil Prices
Oil prices rose 1 percent on Monday after Saudi Arabia reiterated that OPEC will continue to maintain the production curb. Riyadh plans to keep output well below 10 million barrels per day and reduces export to below...
Elliott Wave View: Crude Oil on the Verge of a Breakout
The 4 time frame is favored turning up. The 1 hour right side is higher. While above the 2/15/19 lows expect the pair higher. Since bottoming at $42.36 on December 24, 2018, Crude Oil (CL_F) has rallied...
OIL ($CL_F) Elliott Wave Forecasting The Rally
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 we were calling for further strength in OIL lately. Pull back against...
Crude Oil: The Goal of Raising Is 59.08
The total capitalization of investing cash in derivatives for Crude Oil was $ 302 billion 112 million. The decrease in capitalization over the previous reporting week was 4%. The superiority of bull positions in monetary terms amounted...