Search Results for: crude oil
Crude Oil Suggests A Reversal Down – Elliott wave analysis
August 20th, 2020
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 v of 5 being made, so be aware of limited ...
Crude Oil on the Way Towards March 09 Gap – Elliott wave analysis
May 21st, 2020
Crude oil is bullish since end of April and is currently trading very strongly towards $35 per barrel. This can be now a temporary resistance, ideally for wave 5 of A), therefore traders should be aware of a potential ...
Crude oil and German BUND Look – Elliott wave analysis
May 4th, 2020
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 labelled as sub-wave A), up from the lows, which is ...
What is a negative crude oil price and does it mean anything for consumers?
April 23rd, 2020
The price of a barrel of benchmark US oil plunged below zero dollars a barrel on Monday (April 20) for the first time in history, a troubling sign of an unprecedented global energy glut as the coronavirus pandemic halts ...
UPDATE: Crude oil prices rise
January 8th, 2020
Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles. Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains. ...
Elliott Wave Analysis: USDCAD, Crude Oil and GOLD Sharp Movements!
June 20th, 2019
USDCAD is on the move with a clear impulse down from 1.3429 level so a five-wave decline is what we expect towards 1.3150/1.3100 area in the upcoming sessions. But at the same time, we must look what oil ...
Elliott wave Analysis: Crude oil and GBPUSD Intra-day View
April 30th, 2019
Crude OIL can be unravelling a sharp correction, with energy now trading within sub-wave C of B)/2), with possible resistance area around the Fibonacci ratio of 50.0 or 61.8 (65.0/65.4 area). At the mentioned region we also see ...
Crude Oil Is Recovering Slowly, and Steadily – Elliott Wave Analysis
January 10th, 2019
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 had been put in place for a former higher degree ...
Elliott Wave Analysis: EURJPY, Crude oil and USDCAD Intra-day Movements
November 12th, 2018
Probably the most interesting pair for JPY trade is EURJPY which is rolling down in five waves from 130.00. It’s a nice looking wave structure that also took price out of an upward channel so more weakness is expected ...
Elliott wave Analysis: Triangle Finished on Crude Oil; More Upside in View
October 1st, 2018
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 decisive break above the upper triangle line, which confirms a ...
