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...]

CVR Energy Bullish Reversal ( CVI )

CVR Energy ( CVI ) Monthly Chart 21.12.2016

CVR Energy Presentation & News CVR Energy ( NYSE:CVI ) is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining ( NYSE:CVRR ) and CVR Partners ( NYSE:UAN ). The largest shareholder of CVR Energy is Carl Icahn, who, through Icahn Enterprises, owns 82% of shares and being named by the new elected President Donald Trump as his Special Adviser on Regulatory … [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...]