Crude Oil (CL_F) looking for buying area

Crude Oil CL_F i correcting cycle from 11/14 low and could reach as low as 49.34 – 50.41 area before finding buyers for next leg higher.

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OIL Elliott Wave Analysis: Bearish Reversal

Crude oil has turned bearish recently with a sharp reversal down from around 104.00 level and through the lower support line of a corrective channel. A reversal from

OIL Elliott Wave Analysis: Complex Correction In Wave (iv)

Crude oil is now turning slightly down from around 98.60 after only three waves up from 95.20 so we labelled this move as wave b) that is part

Technical forecast for WTI Crude

WTI Crude unable to reach 9445 in a near 3 month bear trend & as expected we saw lower prices at the start of the week.Immediate resistance at

Technical forecast for WTI Crude

WTI Crude bounced off 103.65/50 as predicted & beat 104.50 for a selling opportunity at 105.10/20 with stops above 105.40. We did trade at 105.43 but if stops

Technical forecast for Natural Gas

Natural Gas beat 3.500 to fill the gap at 3.548/556 for a selling opportunity. We over ran slightly to 3.562 but have eased & could continue lower to

Technical forecast for Gasoil

Gasoil September continues sideways. Look for support at 932.50 but a break below Tuesday’s low of 929.25 should then target 925/924.50 for a short term buying opportunity. Be

Technical forecast for RBOB

RBOB Gasoline unexpectedly broke 295/296 but has halted below 299/300 & the next selling opportunity. We are getting overbought short term so there is a risk of a

Technical forecast for Brent Crude

Brent Crude held support at 109.35/30 & is just sitting above 110.10/20 which should allow a test of 110.60/70 possibly as far as 111.00 highs for a selling

Technical forecast for RBOB

RBOB Gasoline made it back to 295/296 for a selling opportunity & topped exactly here. This trade worked perfectly & with the outlook turning more negative we could