Elliott Wave Outlook for Brent Crude Oil Add comments Jun 262012 Well, I thought it might be a good idea to post my Elliott Wave analysis of Brent Crude Oil as well, and it appears on MarketWatch today 26 June 2012. You guessed right! I am a bear there too. Tweet Share this:FacebookGoogleEmailRedditTumblrPocketPinterestLinkedInPrint 6 Responses to “Elliott Wave Outlook for Brent Crude” drsanjaypote says: June 26, 2012 at 5:12 pm Good Morning dear Ramki. This is a bit difficult one[brent crude]. 3 important points I would have easily missed had you not marked on the chart: 1] The irregular b wave of the fourth wave[expanded flat correction]. I would have taken it as the third wave. 2) After the completion of the extended fifth wave the corrective A wave is a complex zig zag structure. 3) The ensuing B wave is again a simple flat wave travelling right upto the start of wave A. I hope my study is right. Looking forward to your next post. Thanks and regards Dr Sanjay Pote Reply newbie says: June 30, 2012 at 2:37 pm Hi Ramki, Now that Brent has rallied up 10% in the last couple of days, where do you see this heading? thanks Reply Ramki says: June 30, 2012 at 11:31 pm Hi Newbie, will post an update soon, but I doubt if this will go above 102.80. Reply riddhi says: July 18, 2012 at 7:04 am hello sir, its quoting around 105 usd. whats the view now ? Reply Ramki Ramakrishnan says: July 18, 2012 at 10:28 pm Hello Riddhi, I have already indicated that I was probably wrong on that count. I think we have some very good short term resistance at 107.69 from where a correction back to around 98 is likely. Remember, one always need sto have stops! Reply Piyush Shah says: July 18, 2012 at 10:58 pm Ramkiji, Haven’t found any post on Sugar Commodities on your blog. If time permits give your analysis on Sugar Commodity. Thanks in Advance. Reply Leave a Reply Cancel reply Your Comment Name (required) E-mail (required) URI Notify me of follow-up comments by email. Notify me of new posts by email.