Crude oil is trading in a wedge pattern from end of June, which is known as an Elliott wave ending diagonal. We are tracking final stages of a sub-wave ... Read More
Crude oil extended its drop, down from 33.0 swing high, and fully unfolded a fifth wave of 3. Afterwards we have seen a new rally in minor five waves ... Read More
On energy we see price recovering in an impulsive manner, ideally unfolding a bigger three-wave reversal. With current rally from the 42.46 level comes an indication that a low ... Read More
Crude oil has recently fully unfolded a triangle correction in blue wave 4, which found support near the 67.00 area and from there broke higher. We can see a ... Read More
Crude oil is moving sharply lower after a very nice technical reaction lower from the upper channel resistance line that put highs in play for sub-wave 2) at 69.85. ... Read More
Brent crude, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 GMT, after settling on Tuesday up 96 cents, or 1.7 percent. U.S. West Texas ... Read More
Elliott Wave Analysis: USD Index and Crude OIL USD Index is making a new sharp decline away from 94.30 region, where bigger degree wave 5 was completed. We ... Read More
Elliott Wave Analysis: GBPUSD, USDNOK and Crude oil From USD bearish point of view our favorite pair may still be GBPUSD because of overlapping decline, especially in latest ... Read More
Oil Extends Longest Winning Streak This Year as Drilling Slows Rigs targeting crude drop first time in 24 weeks: Baker Hughes Libyan production increases to highest level in four ... Read More
Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. ... Read More
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