• 12 hours Investors Flee Emerging Markets Amid Lira Crisis
  • 13 hours Startup Aims To Attract Young Renters With Savvy Tech
  • 14 hours The Last Frontier For Artificial Intelligence
  • 15 hours EU Companies Struggle To Pick Sides In U.S.-Iran Dispute
  • 16 hours Turkey’s Currency Crisis Raises Fears Of Contagion
  • 18 hours Could Gold Fall Below $1,000?
  • 20 hours Markets Open Higher Despite Ongoing Turkish Crisis
  • 1 day Why Gold Investors Should Ignore The Swings
  • 2 days Stock Buybacks Poised To Eclipse $1 Trillion
  • 4 days Google Accepts Chinese Censorship For Big Payout
  • 4 days Baltics Want to Pull The Plug On Russian Power
  • 4 days Gold Demand In Iran Hits Record Levels
  • 4 days Ride-Sharing: The Next Hotbed For Cybercrime?
  • 4 days Turkey’s Currency Crisis Sends Shockwaves Through Global Markets
  • 4 days Why Rising Inflation Won’t Help Gold Prices This Time
  • 4 days Emerging Markets Hit Hard By Fed’s Trillion Dollar Experiment
  • 5 days What Is Vanadium And Why Did Its Price Just Skyrocket?
  • 5 days Greece: The EU’s Weakest Link
  • 5 days Fraudsters Target Taxpayers In Million-Dollar Scam
  • 5 days Millennials Are Picking Bitcoin Over Stocks
Time To Buy A Lada? Russian Auto Sales Are Booming

Time To Buy A Lada? Russian Auto Sales Are Booming

Russia’s flagship carmaker was once…

U.S.-Turkey Tensions Take A Dangerous Turn

U.S.-Turkey Tensions Take A Dangerous Turn

U.S.-Turkey tensions have reached a…

Gregor Horvat

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for…

Contact Author

  1. Home
  2. Markets
  3. Other

Crude OIL and SP500 Intraday - Elliott Wave Analysis

Crude oil is falling sharply making a new impulsive cycle from above $49 that can represent wave five in a bigger extended wave three. At the moment we see room down for decline to around 45 area before we may look for a bottom, most likely later this week.

CRUDE OIL 1h Elliott Wave Analysis

CRUDE OIL 1-Hour Elliott Wave Analysis Chart

European indexes moved nicely to the upside today with German DAX trying to catch the S&P500 from last week. But since S&P500 is going no-where right now I am wondering if maybe DAX will face limited upside here and turn lower for a corrective set-back. In fact, the futures contract of the S&P500 have room for another leg down to around 2085-2090 support before wave 2 can be finished. Based on the structure from the last few days, we think that sooner or later S&P will move back to all-time highs.

S&p500 (Sep 2015) 1h Elliott Wave Analysis

S&p500 (Sep 2015) 1-Hour 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
Subscribe Our Free Newsletter

 

Back to homepage

Leave a comment

Leave a comment