Commodity Prices

Gold •680 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,072.30	-19.10	-0.91%
WTI Crude •11 mins	101.63	+0.46	+0.45%
Gasoline •11 mins	3.622	+0.017	+0.46%
Ethanol •680 days	2.161	+0.000	+0.00%
Silver •680 days	30.82	+1.16	+3.92%

Silver • 680 days	30.82	+1.16	+3.92%
Copper • 680 days	4.530	+0.111	+2.51%
Brent Crude • 55 mins	105.72	+0.09	+0.09%
Natural Gas • 11 mins	2.921	+0.027	+0.93%
Heating Oil • 12 mins	3.924	+0.018	+0.47%

Headlines

1,064 days Will The ECB Continue To Hike Rates?
1,065 days Forbes: Aramco Remains Largest Company In The Middle East
1,066 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,466 days Could Crypto Overtake Traditional Investment?
1,471 days Americans Still Quitting Jobs At Record Pace
1,473 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,476 days Is The Dollar Too Strong?
1,476 days Big Tech Disappoints Investors on Earnings Calls
1,477 days Fear And Celebration On Twitter as Musk Takes The Reins
1,479 days China Is Quietly Trying To Distance Itself From Russia
1,479 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,483 days Crypto Investors Won Big In 2021
1,483 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,484 days Food Prices Are Skyrocketing As Putin’s War Persists
1,486 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,487 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,490 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,491 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,491 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,493 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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.