Oil (CL_F) short-term Elliott wave analysis suggests that the decline from Oct 3rd high is unfolding as a 5 waves impulse structure. In an impulse structure, the internals of wave 1, 3, and 5 also subdivide in another 5 waves of lesser degree. We propose Minor wave 3 ended at $62.52 , Minor wave 4 […]

In the past few weeks, the world has been shocked by the killing of Jamal Khashoggi inside Saudi Arabia’s consulate in Istanbul. Mr. Khashoggi is a Washington Post journalist and he was at the consulate for marriage-related document. Initially, the Saudi’s government said Mr. Khashoggi left the consulate alive. However, they changed their narrative on […]

OIL ticker symbol $CL_F short-term Elliott wave view suggests that a rally to 76.89 high ended the cycle from 8/15/2018 low in intermediate wave (1). The internals of that rally higher unfolded in a corrective structure thus suggests the instrument can be doing ending diagonal structure in primary wave ((5)) higher. Down from there, intermediate […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of COPPER. As our members know, COPPER has had cycle from the 13th October 2017 in progress as expanded Flat structure.  The Commodity was missing another swing down to complete proposed pattern, approximately at 2.622-2.458 ( according to […]

Hello fellow traders. Today, we will have a look at some past Elliott Wave charts of Oil which we presented to our members. Below, you can find our 1-hour updated chart presented to our members on the 08/8/18. OIl suggested that the bounce to $70.44 high ended blue wave (2). The internals of that bounce took […]

Oil ticker symbol: CL_F short-term Elliott wave analysis suggests that the bounce to $70.44 high ended intermediate wave (2). The internals of that bounce took place as Elliott wave double correction where Minor wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the Minor wave X  in 3 swings. […]