$CL_F CRUDE OIL: Elliott Waves Calling the Move Higher

Since June 9/2016, Oil was correcting lower and we advised our members on August 1/2016 that the Elliott Wave cycle lower can be coming to an end and to start looking for BUY positions in the inflection zone (Blue box). Below are the charts that our members had access to which clearly shows that we expected Crude Oil to find a bottom and resume the move higher.

OIL August 1/2016 : Advising members the cycle starting June 9/2016 will be terminating and to start looking for Longs

2CL-24020160801155847-aug1

OIL August 27/2016 : Oil found a bottom and bounced higher and we continued advising our members to look for BUYS on the retrace/pullback with stop loss now at the 39.15 invalidation level.

2CL-24020160827160104-aug27

OIL September 10/2016 : Oil bounced higher on September 1/2016 but based on the structure of the bounce we believed that it can still make another push lower and again advised our members to continue buying on the dip.

2CL-24020160910004253-sept10

OIL September 22/2016 : Oil made another push lower where it met more buyers and pushed price higher. We advised members that if price breaks above the descending trend line Oil will continue higher.

2CL-24020160922174257-sept22

OIL October 10/2016 : Oil has pushed higher like we have been calling for since August 1/2016 and approaching the next target zone (Blue box).

2CL-24020161010160341-oct10

Subscribe !!! Become an EWF member and get access FREE to our Live Trading Room > Click and get access

At Elliottwave-Forecast we cover 52 instruments (Forex, Commodities, Indices) in 4 different timeframes and we offer 3 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos  and we have a 24 Chat Room. Our clients are always in the loop for the next market move.

Try Elliottwave-Forecast for 14 days FREE !!!   Just click here –> 14 day FREE trial

 

 

 

Back

Subscribe to our Aidan's Corner Blog

First Name: *
Last Name: *
Your Email Address: *