• 10 hours Chinese Stocks Soar On Bullish Economic Data
  • 16 hours Apple’s “Holy Grail Of Data” Leaves Energy Traders Disappointed
  • 18 hours Gold Rally Adds $250 Billion To Top 50 Miners' Market Cap
  • 1 day TikTok Is Becoming A New Battleground For Tech Politics
  • 2 days Peru's Mining Industry Pummeled As Coronavirus Cases Surge
  • 2 days Why The World Is So Divided In Its COVID-19 Response
  • 2 days Equities Cheer Stellar Jobs Report, But It May Be Fleeting
  • 3 days Is Tech Billionaire Peter Thiel Done With Trump?
  • 4 days Musk Takes To Twitter To Troll The SEC
  • 5 days Lunar Mining May Commence As Early As 2025
  • 5 days Immigration Will Go Bust Without $1.2B Bailout
  • 6 days The Economics Of The Space Race
  • 7 days Why The World's Central Banks Aren't Yet Sold On Renewables
  • 7 days How Much More Cash Can Uber Burn?
  • 8 days Inside The Biggest Counterfeit Gold Scandal In Recent History
  • 8 days EU-U.S. Trade Relations Are Deteriorating
  • 8 days Over 184 Companies Have Bailed On Facebook
  • 9 days BP Sells Petrochemical Business For $5 Billion
  • 9 days U.S. Moves To Secure Domestic Rare Earth Supply
  • 9 days E-Commerce Explodes As Boomers Go Digital
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

EURUSD Looking For Support, Crude OIL Trapped Inside A Triangle

Crude Oil is moving higher today, but still not ready to break the highs as we see price in subwave c of wave d) that is part of a triangle. Usually wave d) will find resistance near 78.6% Fibo level compared to wave c) which comes in just beneath the trendline connected from May highs. As such, we suspect that current gains will be limited there as wave e) still needs to unfold before we may look higher later this week.

CRUDE OIL (July 2015) 1h Elliott Wave Analysis

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

EURUSD is making a nice retracement from latest swing high, but for now only with three waves that can represent wave (iv) as part of incomplete bullish impulse. As such, bounce back to the highs may follow in sessions ahead, so keep an eye on red wave b) swing high. If broken then rally may follow up to around 1.1400. Further weakness today, back to 1.1136 will invalidate the count.

EU89RUSD 30min Elliott Wave Analysis

EU89RUSD 30-Minute Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 

Back to homepage

Leave a comment

Leave a comment