All Entries in the "Oil" Category
Crude Oil – Elliott Wave Analysis 14 July 2010
When dealing with financial markets, you should always be ready to change your mind about the framework on which you are basing your analysis. If everything was laid out cut and dried, there won’t be a market because everyone would know what is going to happen. Take the case of crude oil. In my Elliott [...]
Elliott Wave Analysis of Crude Oil 6 July 2010
I will be addressing the Reuters Global Oil Forum this morning at 8.45 London time, and presenting my Elliott Wave Analysis of Crude oil. As many of you won’t have access to that platform, I am posting the charts here. These were prepared late yesterday evening (when oil was trading at 72.36). My baseline case remains [...]
ELliott Wave Analysis of Crude Oil 24 May 2010
In just a matter of 9 days Crude Oil has moved over 15%. Now tell me if there is any finance manager who wishes to hedge his exposures would not be happy to have such intelligence! Elliott Wave Analysis is powerful if you know how to use it. A recovery to $73 is likley, and a [...]
Elliott Wave Analysis of Light Crude Oil
Here is a chart of Light Crude oil that I prepared yesterday for a Reuters presentation. As you can see from the elliott wave analysis and labels marked on the chart, I expect a slight recovery from the mid 75s , but eventually we should be prepared for a move lower to $65 or even [...]
Fifth wave extensions can make you rich!
The easiest way to make money in any market is after a fifth wave extension. While identifying the precise end point of an extension is often a challenge, you can become quite rich by joining in once the correction starts.
Oil to edge slightly lower
Oil is likely to slip slightly lower, but be prepared for short covering from $87 and below.