Elliott Wave Update of Crude Oil – February 1st, 2023
WTI crude oil dropped below $77 a barrel yesterday, but the bulls quickly recouped their losses and are now knocking on $80 again. Can the recovery continue and how high can it go? Read in our latest Elliott Wave update.
All from Crude Oil
Crude Oil: A Vital Alternative Count
Crude Oil was timidly trying to recover in the beginning of March, after falling to as low as 26.03 a month earlier. Just 3 months...
Crude Oil: A Vital Alternative Count
Crude Oil was timidly trying to recover in the beginning of March, after falling to as low as 26.03...
Amazing Elliott Wave Precision in Crude Oil
Last week, the price of crude oil fell to 43.02. This week, it seems determined to reach the 50-dollar mark. From surplus, through production...
Amazing Elliott Wave Precision in Crude Oil
Last week, the price of crude oil fell to 43.02. This week, it seems determined to reach the 50-dollar...
There Was Always Hope for Crude Oil
It was not the best start of a week for crude oil. The commodity’s price fell to 43.02 dollars a barrel on Tuesday, May...
There Was Always Hope for Crude Oil
It was not the best start of a week for crude oil. The commodity’s price fell to 43.02 dollars...
Is Doha to Blame for Oil’s Violent Swings?
The world was hoping that the biggest oil producers were going to reach an agreement to freeze output during their meeting in Doha on...
Is Doha to Blame for Oil’s Violent Swings?
The world was hoping that the biggest oil producers were going to reach an agreement to freeze output during...
Crude Oil: Before and After
It was an interesting and, more importantly, volatile week for the price of crude oil. It initially fell to $35.20 on Monday, but the...
Crude Oil: Before and After
It was an interesting and, more importantly, volatile week for the price of crude oil. It initially fell to...
Crude Oil Was Worth Waiting
Yesterday, March 24th, crude oil fell to 38.32 a barrel and people were rushing to offer an explanation for the weakness. Some said that...
Crude Oil Was Worth Waiting
Yesterday, March 24th, crude oil fell to 38.32 a barrel and people were rushing to offer an explanation for...
Crude Oil and the Power of Elliott Wave
The start of this week was not the best possible for crude oil, since the price fell as low as 35.95 dollars a barrel...
Crude Oil and the Power of Elliott Wave
The start of this week was not the best possible for crude oil, since the price fell as low...
What Do Oil and Tulips Have in Common?
If we need to provide a definition for a “market bubble”, we would describe it as a part of the economic cycle, which characterizes...
What Do Oil and Tulips Have in Common?
If we need to provide a definition for a “market bubble”, we would describe it as a part of...
Crude Oil Prices In Corrective Pull-Back
Crude oil rose from 38.50 to 50.03, before falling to 43.85 again. The black gold has been consolidating ever since, which makes us wonder when...
Crude Oil Prices In Corrective Pull-Back
Crude oil rose from 38.50 to 50.03, before falling to 43.85 again. The black gold has been consolidating ever since,...
Copper Fell As Expected. Now What?
It’s been more than a year. On March 10th, 2014, we published “Copper Measures The Strength of The Economy”. In that forecast we shared...
Copper Fell As Expected. Now What?
It’s been more than a year. On March 10th, 2014, we published “Copper Measures The Strength of The Economy”....
Crude Oil Headed Towards $64?
In our previous post about crude oil we thought the “black gold” is in a post-triangle wave 5. That is why we said it was not...
Crude Oil Headed Towards $64?
In our previous post about crude oil we thought the “black gold” is in a post-triangle wave 5. That is...
Crude Oil In A Post-Triangle Thrust
The bulls took over the control over crude oil in the middle of last month and led its price above $59 per barrel as of...
Crude Oil In A Post-Triangle Thrust
The bulls took over the control over crude oil in the middle of last month and led its price above...
Brent Oil Respects The Fibonacci Ratio
Almost two months ago, on February 21st, we said that brent oil is likely to get more expensive, but needs a downside correction first....
Brent Oil Respects The Fibonacci Ratio
Almost two months ago, on February 21st, we said that brent oil is likely to get more expensive, but...
Natural Gas Does Not Care About Deals
“Natural gas prices could go down to 3.00 or even lower during the next year or two.” This is the final sentence in “Natural...
Natural Gas Does Not Care About Deals
“Natural gas prices could go down to 3.00 or even lower during the next year or two.” This is...
Cheap Oil… At The Price Of What?
What is not to love about cheap oil? Low oil prices reduce our monthly fuel costs, moreover they leave us with more leftover cash...
Cheap Oil… At The Price Of What?
What is not to love about cheap oil? Low oil prices reduce our monthly fuel costs, moreover they leave...
Soybeans Showing Signs of Recovery
Since the last major top at $1536 in May, the price of soybeans has been in a state of free fall, which led to $904...
Soybeans Showing Signs of Recovery
Since the last major top at $1536 in May, the price of soybeans has been in a state of free...
Brent Oil Prices to End the Slump Soon?
Brent Oil has been declining sharply during the last five months, falling down from above $115 per barrel in June to under $77 in...
Brent Oil Prices to End the Slump Soon?
Brent Oil has been declining sharply during the last five months, falling down from above $115 per barrel in...
Crude Oil with an Extremely Rare Pattern
The last time we talked about crude oil was on 12th September in an article, called “A Major Bottom for Crude Oil Prices?”, where...
Crude Oil with an Extremely Rare Pattern
The last time we talked about crude oil was on 12th September in an article, called “A Major Bottom...
A Major Bottom for Crude Oil Prices?
Crude oil is trading more than $20 below the 2013 highs. Should we expect more weakness? Traders and investors may be willing to find...
A Major Bottom for Crude Oil Prices?
Crude oil is trading more than $20 below the 2013 highs. Should we expect more weakness? Traders and investors...
Natural Gas prices broke trendline
Natural gas prices have been declining steadily, despite all the tension between Russia and Ukraine. For many fundamental analysts this might have come as...
Natural Gas prices broke trendline
Natural gas prices have been declining steadily, despite all the tension between Russia and Ukraine. For many fundamental analysts...
Sugar to head towards 20 soon
Sugar has been declining for quite some time now, falling down from 18.80 to 16.86. If we take a look at this sell-off, we...
Sugar to head towards 20 soon
Sugar has been declining for quite some time now, falling down from 18.80 to 16.86. If we take a...
Crude oil, the long-term view
Crude oil is probably the raw material, the world economy depends the most on. That is why we think its price trends deserve to be...
Crude oil, the long-term view
Crude oil is probably the raw material, the world economy depends the most on. That is why we think its...
Sugar with some interesting opportunities
It was April 23rd, when we showed you the following chart, stating that sugar has already drawn a perfect 5-3 Elliott Wave cycle and it...
Sugar with some interesting opportunities
It was April 23rd, when we showed you the following chart, stating that sugar has already drawn a perfect...
Coffee with the perfect development
On the 1st of May we showed a forecast of coffee, suggesting that its price could go down significantly: “we should expect a three-wave...
Coffee with the perfect development
On the 1st of May we showed a forecast of coffee, suggesting that its price could go down significantly:...
Sugar – bulls’ favourite candy
On the 4-hour chart of sugar’s June futures we can see a five-wave impulse to the upside, followed by a zig-zag correction. Wave C of...
Sugar – bulls’ favourite candy
On the 4-hour chart of sugar’s June futures we can see a five-wave impulse to the upside, followed by a...
Crude Oil according to plan
On April 8th we published an analysis on crude oil, in which we were expecting a decline soon. We were preparing for a sell-off, because...
Crude Oil according to plan
On April 8th we published an analysis on crude oil, in which we were expecting a decline soon. We were...
Natural Gas down despite Russia-Ukraine. Why?
The tension between Russia and Ukraine has been in the media for quite some time now. Usually when there is a conflict or some...
Natural Gas down despite Russia-Ukraine. Why?
The tension between Russia and Ukraine has been in the media for quite some time now. Usually when there...
Coffee is not so strong
Coffee has been in a strong uptrend during the last five months, climbing up from 100 to above 217, which was quite impressive. But...
Coffee is not so strong
Coffee has been in a strong uptrend during the last five months, climbing up from 100 to above 217,...
Sugar, so far so good
A month ago, on March 23rd, we showed you this chart from our forecast on sugar: As the chart shows, we were expecting wave B...
Sugar, so far so good
A month ago, on March 23rd, we showed you this chart from our forecast on sugar: As the chart shows,...
Crude Oil still corrective
In our previous analysis on crude oil we stated that prices could go higher, if the market decides to make wave (2)/B more complicated. On...
Crude Oil still corrective
In our previous analysis on crude oil we stated that prices could go higher, if the market decides to make...
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