Oil shows a 5 waves rally from November 2 low suggesting further upside is likely. This article and video look at the Elliott Wave path.
ZL #F: Soybean Oil Turning Higher Will Make Cooking Expensive
Soybean Oil is one of the grain & oilseed commodities, along with wheat, soybeans, corn, rice, oats and others. Just behind palm oil, it is the second most used vegetable oil, basically, for frying and baking. Also, soybean oil finds applications medically and, when processed, for printing inks and oil paints. One can trade Soybean […]
Elliott Wave View: Oil Futures (CL) Looking to End Flat Correction
Oil is doing an expanded Flat correction before it resumes higher. This article and video look at the short term Elliott Wave path.
Elliott Wave View: Correction in Oil Completed
Oil ended the correction from August 26 high. While above September 8 low, expect dips in 3,7,11 swings to find support for more upside.
$USO United States Oil Fund Longer Term Cycles & Elliott Wave
$USO United States Oil Fund Longer Term Cycles & Elliott Wave 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 […]
