Cycle from December 23 low is about to end as a 5 waves. Oil may see a pullback soon in 3, 7, 11 swing but larger degree trend remains bullish.
Elliott Wave View: OIL Can Extend Lower In Correction
OIL is correcting the cycle from 11/01/2020 low & expected to extend lower in a correction. This video looks at the Elliott Wave path.
Elliott Wave View: Oil (CL) Impulsive Rally In Progress
Oil (CL) shows an impulsive rally from November 2 low & can continue to see further upside. This article and video look at the Elliott Wave path.
Post-Pandemic Future Demand Recovery Supports Oil
The news that Covid-19 vaccines will soon be available to fight the pandemic has boosted the global oil markets. Demand has plummeted since the start of the pandemic. Organization of the Petroleum Exporting Countries (OPEC) projects 2020 oil demand to be 9.8 million bpd (barrels per day) lower than 2019. In 2020, OPEC cut production […]
OIL ( $CL_F ) Buying The Dips At The Blue Box Area
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL, published in members area of the website. As our members know, OIL is another instrument that we have been trading lately. The price is showing bullish sequences in the cycle from the April 21st […]
Elliott Wave View: Pullback in Oil Should Stay Supported
Oil shows a bullish sequence from April low and should continue to be supported in 3, 7, 11 swing. This article and video look at the Elliott Wave path.
