Commodity Prices

Gold •650 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,141.00	+40.30	+1.92%
WTI Crude •11 mins	90.13	-1.15	-1.26%
Gasoline •13 mins	3.005	-0.034	-1.12%
Ethanol •650 days	2.161	+0.000	+0.00%
Silver •650 days	30.82	+1.16	+3.92%

Silver • 650 days	30.82	+1.16	+3.92%
Copper • 650 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.07	-0.72	-0.76%
Natural Gas • 11 mins	2.592	-0.007	-0.27%
Heating Oil • 11 mins	3.627	+0.003	+0.08%

Headlines

1,034 days Will The ECB Continue To Hike Rates?
1,035 days Forbes: Aramco Remains Largest Company In The Middle East
1,036 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,436 days Could Crypto Overtake Traditional Investment?
1,441 days Americans Still Quitting Jobs At Record Pace
1,443 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,446 days Is The Dollar Too Strong?
1,446 days Big Tech Disappoints Investors on Earnings Calls
1,447 days Fear And Celebration On Twitter as Musk Takes The Reins
1,449 days China Is Quietly Trying To Distance Itself From Russia
1,449 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,453 days Crypto Investors Won Big In 2021
1,453 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,454 days Food Prices Are Skyrocketing As Putin’s War Persists
1,456 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,457 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,460 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,461 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,461 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,463 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Lara Iriarte

I have been using the Elliott wave principle to analyse up to five markets a day since 2008. I began Elliott Wave Forex (originally ForexInfo.us)…

More Info

Contact Author

US OIL Elliott Wave Technical Analysis

By Lara Iriarte - Apr 19, 2017, 6:26 AM CDT

Summary: Use the small best fit channel on the daily Elliott wave count. If price breaks below the lower edge, then expect Oil has changed trend. The target would be at least a new low below 47.06; it should be comfortably below that point. Expect price may continue higher while it remains within the channel.