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...]

Exxon Mobil ( XOM ) Short Term Technical Analysis

XOM 12.14 Weekly Chart

Exxon Mobil Presentation & News Exxon Mobil Corporation the largest of the world's super-majors Oil and Gas companies , it's also the 8th largest company by revenue and 5th largest publicly traded company by market capitalization . The Corporation was formed on November 30, 1999 by the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). Yesterday Exxon Mobil shares was gaining after Donald Trump announced his decision … [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...]

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...]

Oil Elliott Wave Forecast 12.6.2016

2CL 6020161205213316

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. Near term, while bounces stay below there, 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 is still within wave W and can open extension to the … [Read more...]