Elliott Wave Trading Education

Archive by tag: oil pricesReturn

27Feb

WTI Crudeoil Elliott Wave Analysis: Crude Oil Price Forecast, Support & Resistance Levels, and Trading Strategy Insights

Ranjeet | 27 Feb, 2025 | WTI analysis, Elliott Wave, crude oil, price forecast, market trends, technical analysis, oil prices, trading strategy, WTI forecast, chart patterns, bearish trend, support levels | Commodities | 0 Comments |

WTI Elliott Wave analysis of crude oil price trends and potential movements based on technical chart patterns. The daily and H4 chart breakdowns highlight key support and resistance levels, forecasting possible price fluctuations and trading strategies.

WTI Crudeoil Oil Commodity Elliott Wave Technical Analysis Explores Oil Price predictions, Technical Patterns, and Market Trends

WTI crude oil has reversed lower after completing a bullish correction from September 2024, facing resistance at a key Fibonacci level. The Elliott Wave forecast suggests that the market remains in a bearish trend, with further declines expected in the short-term and long-term cycles. This analysis explores crude oil price predictions, technical patterns, and market trends to help traders make strategic decisions.

08Jan

WTI Crude Oil Elliott Wave Technical Analysis: Key Resistance and Support Levels, and Technical Insights for Market Trends

Ranjeet | 08 Jan, 2025 | WTI analysis, oil forecast, crude oil, Elliott Wave, price prediction, oil prices, bearish wave, corrective sequence, resistance level, price movement, oil recovery, zigzag pattern, daily chart, WTI target | Commodities | 0 Comments |

WTI crude oil's Elliott Wave patterns, highlight a potential move toward $80 while remaining in a corrective bearish sequence. Key levels such as $84.5 resistance and $67 support are crucial in forecasting the next price movements.

14Jun

WTI Crude Oil Commodity Elliott Wave Technical Analysis: Crude Oil is Experiencing a Recovery

Ranjeet | 14 Jun, 2024 | WTI Elliott Wave analysis, Crude Oil Elliott Wave, crude oil price forecast, oil market analysis, Elliott Wave strategy, oil price trend, technical analysis crude oil, crude oil wave count, bearish correction oil prices, double zigzag wave pattern, oil price key levels, crude oil market outlook, Elliott Wave daily chart, crude oil technical analysis, oil prices June 2024 | Commodities | 0 Comments |

In this analysis, we provide a detailed Elliott Wave forecast for WTI and crude oil prices in June 2024. Following a significant sell-off, crude oil is experiencing a recovery, likely to be capped below the April 2024 highs. The long-term bearish correction since March 2022 continues, with the daily chart forming a double zigzag pattern.

03Apr

Commodities: Rising Trends in USD DXY, 10-Year Yields, and Future Upside for Bitcoin, Gold and Silver

PeterM | 03 Apr, 2024 | commodity market, Elliott Wave, Bitcoin, Nasdaq, USD DXY, 10-year yields, TLT Bonds, gold investment, silver investment, GDX, crude oil prices, natural gas, investment strategies, market trends, energy sector | 0 Comments |

The latest commodity market analysis, employing Elliott Wave Theory, indicates a nearing completion of Bitcoin's Elliott Wave pattern, wave c) of 4, which closely resembles the pattern observed in the Nasdaq. Meanwhile, the USD DXY and 10-year yields are experiencing an upward trend, in contrast to TLT Bonds, which are moving in a downward direction. There's notable optimism for gold and silver, as well as for GDX, all showing potential for further gains. In the energy sector, expectatio...

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