Hello fellow traders. As our members know , Oil has recently given us good buying opportunity . In this technical article we’re going to look at the Elliott Wave charts of Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we have been favoring […]
Elliott Wave View: Oil (CL) Continues to Extend Rally
Oil (CL) continues to extend higher after bottoming last year. This article and video look at the short term Elliott Wave path.
Elliott Wave View: Oil (CL) Starting to Pullback in Wave 4
Oil (CL) is pulling back in wave 4 to correct cycle from May 20 low before the rally resumes. This article and video look at the Elliott Wave path.
Elliott Wave View: Oil (CL) Should Continue to Extend Higher
Oil has broken higher and resumed the bullish cycle from April 2020 low. This article and video look at the Elliott Wave path.
United States Oil Fund Elliott Wave & Long Term Cycles $USO
United States Oil Fund Elliott Wave & Long Term Cycles $USO Firstly the USO instrument inception date was 4/10/2006. CL_F Crude Oil put in an all time high at 147.27 in July 2008. USO put in an all time high at 953.36 in July 2008 noted on the monthly chart. The decline from there into the […]
Elliott Wave View: Oil May See Short Term Support Soon
Oil shows a 5 waves diagonal rally from March 24 low and dips can find support soon. This article and video look at the Elliott Wave path.