Elliott Wave Analysis of Crude Oil – December 4, 2023
The bulls fought a good fight, but still couldn't prevent WTI crude oil from extending its losing streak to six weeks in a row. Can they finally find a reliable support in December? Read in our latest Elliott Wave analysis.
All from Crude Oil
Crude Oil still bearish
Crude oil fell in five waves from 105.20 to 97 dollars. This whole decline happened, despite the Russia-Ukraine conflict and the expectations that it...
Crude Oil still bearish
Crude oil fell in five waves from 105.20 to 97 dollars. This whole decline happened, despite the Russia-Ukraine conflict...
CRB index. Where commodities are heading?
CRB index is an index that measures the overall direction of commodity sectors. The CRB index was designed to isolate and reveal the directional...
CRB index. Where commodities are heading?
CRB index is an index that measures the overall direction of commodity sectors. The CRB index was designed to...
Crude Oil went well
In our analysis from March 16th we were waiting for a decline in wave 5. That forecast of crude oil went well and on...
Crude Oil went well
In our analysis from March 16th we were waiting for a decline in wave 5. That forecast of crude...
Cocoa could fall, at least temporary
Cocoa has been in a strong uptrend for over a year. What is more important is that this rise is in five waves. So,...
Cocoa could fall, at least temporary
Cocoa has been in a strong uptrend for over a year. What is more important is that this rise...
Crude Oil outlook update
Our crude oil outlook update will start with our analysis from February 25th, because you should know how our bigger picture scenario looks like. As...
Crude Oil outlook update
Our crude oil outlook update will start with our analysis from February 25th, because you should know how our bigger...
Copper measures the strength of the economy
Industrial copper is a leading indicator of the economy’s health and moreover the strength of the world’s industry. The uptrend in copper coincides with...
Copper measures the strength of the economy
Industrial copper is a leading indicator of the economy’s health and moreover the strength of the world’s industry. The...
Crude Oil steady as it goes
Crude Oil extended its five-wave decline, dropping by more than 5$, from 105,25 to 100,10, despite the Russia-Ukraine conflict. So, from a fundamental point...
Crude Oil steady as it goes
Crude Oil extended its five-wave decline, dropping by more than 5$, from 105,25 to 100,10, despite the Russia-Ukraine conflict....
Crude Oil’s strength could be deceptive
Crude oil is in its seventh straight week of steady rise, but is it now the time to be a buyer? In order to...
Crude Oil’s strength could be deceptive
Crude oil is in its seventh straight week of steady rise, but is it now the time to be...
Crude Oil big picture
When the Grand Super Cycle (GSC) in crude oil finished his 5th wave in 2008, a sharp and fast decline occurred. Through Elliott Wave...
Crude Oil big picture
When the Grand Super Cycle (GSC) in crude oil finished his 5th wave in 2008, a sharp and fast...
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