Search Results for: crude oil
Elliott Wave Analysis: GOLD and Crude OIL
February 16th, 2017
Elliott Wave Analysis: GOLD and Crude OIL Gold got a nice bounce since USD turned slightly lower in the last few sessions, so metal could benefit as correction on USD index is unfolding. We see gold headed back to ...
Elliott Wave Analysis: GBPJPY and Crude OIL
February 9th, 2017
GBPJPY GBPJPY made a perfect turn up from our highlighted “do or die” zone, where structure shows signs of a completed three wave correction. As such, more gains can follow now in impulsive fashion which would be expected to ...
Elliott Wave Analysis: Crude OIL and GOLD
February 6th, 2017
Crude OIL Crude oil is moving sideways since December, so we are very confident that this is just a contra-trend move within higher degree uptrend. The only question is where correction will end. Based on latest substructures and triangle ...
Elliott Wave Analysis: Silver and Crude Oil
January 18th, 2017
Silver Silver is ticking higher, now very close to our triangle measurement projected level, near 17.25 where upside can be limited as we see metal in wave 5), final leg of a higher degree wave 1. Technically speaking, we ...
Crude Oil Price Falls on Shock Inventory Increase
December 23rd, 2016
The U.S. Energy Department’s inventory release showed that crude stockpiles recorded an unexpected build. This weighed on oil prices , sending West Texas Intermediate (WTI) crude futures down 1.5% (or 81 cents) to $41.71 per barrel Wednesday. On a ...
Elliott Wave Intraday Analysis: Crude OIL and GBPUSD
December 9th, 2016
Elliott Wave Intraday Analysis: Crude OIL and GBPUSD Crude OIL Crude oil is turning up perfectly from our 49-50 area which we highlighted it as an important support zone for a completion of an expanded flat correction. We see ...
Elliott Wave Analysis: Big Complex Correction On Crude OIL Looks Completed; Higher Prices Could Already Be Here
December 6th, 2016
Sharp reversal to the upside on the Crude Oil gives us an idea about a completed three wave correction in wave B) or 2). If that is the case then recent strong upward action is a sign of stronger ...
Asian Energy Stocks Rally With Crude Oil as Dollar Holds Advance
November 21st, 2016
Japan’s Topix index caps longest rally since August 2015 Dollar index at January high as Trump spurs rate-hike bets Oil jumped on optimism OPEC will agree to a supply-cut deal, buoying Asian energy stocks. The dollar built on last ...
Elliott Wave Analysis On NZDUSD And Crude OIL
November 15th, 2016
Elliott Wave Analysis On NZDUSD And Crude OIL NZDUSD Markets are trading sideways today on stocks and USD is close to a pullback. The NZDUSD is still trading lower trying to complete a full five wave move from latest ...
EIA Forecasts $51 Per Barrel 2017 Brent Crude Oil Price
November 14th, 2016
The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook(STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI) ...
