The price of crude oil has now given up all of the gains made after the OPEC agreement of November 2016. How long will this weakness last and how far will crude decline? Intermarket Analysis In a research piece dated March 8, 2017, published on the CME website and titled “Is Crude Oil Taking Cue from Vegetable […]
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Oil Price Forecast
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Oil Inverse Head and Shoulders Pattern?
Elliot Wave Forecast
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Elliott Wave Count – Oil
As a geologist and former investment advisor as well as corporate finance associate for a Canadian investment house that financed resource exploration I have a big interest and fascination with the commodities market. In a few previous posts I have discussed the Elliott Wave count for oil, here (my count) and here (someone elses count). It appears I […]
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Oil EWT Count
www.cmegroup.com
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Oil Elliott Wave Count
EWT is not my strong suit and the count is not mine but from Breakpoint Trades. The count suggests a new bull could have started or is close (if the ABC goes to DE vs just ABC). www.stockcharts.com A second EWT count seems to support this current interpretation (yet I cannot remember where I saved […]
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