CL_F Elliott Wave Forecast 12.29.2016

2CL 6020161228214624

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z has ended at $52.08. Near term, the rally from wave (x) low ended at … [Read more...]

CL_F Elliott Wave Forecast 12.28.2016

2CL 6020161227221657

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z has ended at 52.08. Near term, expect a pullback to correct the … [Read more...]

CL_F Elliott Wave Forecast 12.27.2016

2CL 6020161227094517

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z is in progress towards $51.38 - $51.72 area before CL_F resumes the … [Read more...]

CL_F Elliott Wave Forecast 12.12.2016

2CL 6020161210142357

Short Term CL_F Elliott wave forecast suggests that the rally from 11/14 (42.21) low is unfolding as a triple three where wave ((w)) ended at $49.2, wave ((x)) ended at $44.82, wave ((y)) ended at $52.43 and 2nd wave ((x)) ended at $49.64. CL_F has gapped up at the opening on Monday Dec 12 and short term while staying above $49.64 can look for $56.6 - $58.25 area to complete wave W and end cycle from 11/14 low ($42.21). Afterwards, CL_F may pullback in wave X in 3, 7, or 11 swing to correct … [Read more...]

CL_F Elliott Wave Forecast 12.8.2016

2CL 6020161208084046

Short Term CL_F Elliott wave forecast suggests that the rally from 11/14 low is unfolding as a double three where wave ((w)) ended at $49.2, wave ((x)) ended at $44.82. and wave ((y)) of W is proposed complete at $52.43. Down from there, wave (w) ended at $50.28, and wave (x) bounce ended at $51.2. While bounces stay below $51.2, and more importantly below $52.43, CL_F is expected to continue lower towards $48.49 - $49 area to complete wave ((w)). Afterwards, oil should bounce in wave ((x)) in … [Read more...]

Oil Elliott Wave Forecast 12.7.2016

2CL 6020161207082611

Short Term Oil Elliott wave forecast suggests that the rally from 11/14 low is unfolding as a double three where wave ((w)) ended at $49.2, wave ((x)) ended at $44.82. and wave ((y)) of W is proposed complete at $52.43. Down from there, wave (w) ended at $50.28, and while wave (x) bounce stays below $52.43 peak, oil is expected to turn lower within wave X pullback to correct the cycle from 11/14 low ($42.21) in 3, 7, or 11 swing before the rally resumes. If Oil breaks above $52.43, then it can … [Read more...]