Category Archives: Oil

Medium Term Outlook for Crude Oil using Elliott Wave Analysis

Many of you will remember that I had called for a sell-off in the price of Crude Oil from the $140 level to $50 in 2008. (see old posts in Wavetimes, especially how Fifth wave extensions can make you rich!). … Continue reading

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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 … Continue reading

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Posted in Oil | Tagged | 5 Comments

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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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. Continue reading

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Posted in Euro, Gold, Oil, S&P500, US Stocks outlook | Tagged , | 14 Comments

Oil to edge slightly lower

Oil is likely to slip slightly lower, but be prepared for short covering from $87 and below. Continue reading

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