"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 6 hours Twitter CEO: The World Will Have A Single Currency
  • 7 hours Asian Currency Correction Could Signal Looming Crisis
  • 8 hours Best Buy Drops Telecom Giant Over National Security Threat
  • 9 hours The Pros And Cons Of The Federal Interest Rate Hike
  • 11 hours Good News For Gold Bulls Despite Interest Rate Hike
  • 12 hours Trump Hits China With $50 Billion In Tariffs
  • 13 hours Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 15 hours Stocks Pull Back Following Interest Rate Hike
  • 1 day Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 1 day Elon Musk’s $2.6 Billion Tesla Challenge
  • 1 day Tech Giants Could Be First Victims Of U.S. Trade War
  • 1 day Dow Gains Despite Fed’s Rate Hike
  • 1 day The Biggest Threat To Chinese Oil Futures
  • 1 day Spending Bill Could Cause U.S. Debt To Soar To 99% Of GDP
  • 2 days Precious Metals Slide Ahead Of Fed’s Interest Rate Decision
  • 2 days China’s Soft Power Grab May Be Bad News For Emerging Economies
  • 2 days The Secretive Wall Street Firm Betting On Bitcoin
  • 2 days ‘Data Is King’: The Oil Industry’s Next Most Valuable Resource
  • 2 days Google Invests $300 Million To Combat Fake News
  • 2 days Zuckerberg Dodges A Bullet As Facebook Loses Billions


Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

More Info

Oil (CL) Short-Term Elliott Wave Analysis

Rally to 49.5 ended wave 4. From this level, the internal of wave 5 of (3) lower is unfolding in 5 waves where wave ((i)) ended at 45.08, wave ((ii)) ended at 46.71, wave ((iii)) ended at 37.75, wave ((iv)) is proposed complete at 39.89 and oil has resumed lower in wave ((v)) of (3) towards 36.22 - 37.49 before a larger bounce in wave (4) takes place. Cycle is currently pretty stretched, but as far as wave ((ii)) pivot at 46.64 is intact, expect oil to resume lower to complete wave (3).

Oil Short-Term Elliott Wave Analysis
Larger Image


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.


Back to homepage

Leave a comment

Leave a comment

Sign Up For The Safehaven Newsletter