ONEOK Inc. (OKE), engages in gathering, processing, fractionation, storage, transportation & marketing of natural gas & natural gas liquids in the United States. It operates through Natural gas gathering & processing, Natural gas liquids & Natural gas pipelines segments & Refined products & Crude. The company is based in Tulsa, Oklahoma, comes under Energy sector & trades as “OKE” ticker at NYSE.
As discussed in the previous article, OKE favors upside in impulse sequence of I of (III). Short term, it favors upside in ((5)) of I, while dips remain above $76.91 low.
OKE – Elliott Wave Daily View From 4.15.2024: 
In weekly sequence, it placed (II) at $50.50 low in September-2022 low as correction against March-2020 low. It favors upside in I of (III) & expect at least one more high to finish it before pullback may unfold. Above (II) low, it placed ((1)) of I at $71.57 high & ((2)) at $55.91 low as zigzag correction. It placed ((3)) of I at $86.20 high. Within ((3)), it placed (1) at $68.12 high, (2) at $60.58 low as flat correction, (3) at $83.31 high, (4) at $77.80 low & finally (5) at $86.20 high.
OKE – Elliott Wave Latest Daily View: 
Below ((3)) high, it proposed ended ((4)) correction at $76.91 low as 3 swings pullback. Within ((4)), it placed (A) at $81.07 low, (B) at $84.02 high & (C) at $76.91 low in zigzag correction. Currently, it favors upside in ((5)), which confirms above $86.20 high & can extend towards $88.39 – $91.95 area to finish I. It favors pullback in (2) after appears ended (1) at $85.53 high & remain above $76.91 low to resume rally. We like to buy the pullback in 3, 7 or 11 swings correction at extreme areas, when reached.
OKE – Elliott Wave Latest Weekly View: 
Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.
Back