• 3 hours Rise Of EVs Signals Peak Gasoline
  • 21 hours Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 1 day Gold Mining Stocks Stuck In Limbo
  • 2 days Executive Order Targets Huawei Over Espionage
  • 2 days Why Now May Be The Best Time Ever To Hold Gold
  • 3 days Fake News Sinks Shares In UK-Based Bank
  • 3 days De Beers To Build $468 Million Diamond Recovery Ship
  • 3 days Moody's: Turkey Faces Possible Credit Downgrade
  • 3 days Tesla's Solar Sales Are Slipping
  • 4 days Auto Industry To Get Temporary Tariff Relief
  • 4 days Welcome To The World’s Biggest Free Trade Area
  • 4 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
  • 4 days U.S.-China Impasse Threatens Rare Earth Trade
  • 5 days Wall Street Bears $1 Trillion Brunt Of Trade War
  • 5 days Mobile Sports Betting Isn’t Quite Minting Millionaires Just Yet
  • 5 days The Marijuana Industry’s Shocking Secret
  • 5 days A Generational Shift Is Quietly Unfolding In The Mining Industry
  • 6 days Pentagon To Pay $6 Billion To Help Build Border Wall
  • 6 days Beijing Backlash: Stocks Slammed, Gold Boosted
  • 6 days Market Sentiment At Its Lowest In 10 Months
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Crude OIL Turning Bearish, SP500 Looks For New High

Another swing low is needed on Crude oil before we can confirm a top in place at 62.55 and expect lower prices next week. If we will get a red wave v) down today, then a)-b)-c) retracement could be a nice short early next weekand would also confirm bullish USDCAD.

CRUDE OIL (June 2015) 1h Elliott Wave Analysis

CRUDE OIL (June 2015) 1-Hour Elliott Wave Analysis Chart

S&P500 Futures are moving up on good data, now trading above 2100 so looks like that it's only question of when the S&P will move back to all time highs and not when. However, as soon as price reaches 2125 figure, we need to be aware of a bearish turn as we market can be heading higher for finalstages of an ending diagonal.

S&P Futures (June 2015) 1h Elliott Wave Analysis

S&P Futures (June 2015) 1-Hour Elliott Wave Analysis Chart

 


Interested in our analysis? Get First 2 Month @ Price of 1. http://www.ew-forecast.com/service

 

Back to homepage

Leave a comment

Leave a comment