NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
Global news can say whatever you want . It is not physical oil             . This are futures . and future's price is constituted by those who trade these futures - banks. There are 3 major traders in the market of oil             - JPMorgan , Goldman Sachs, Citi, in their turn they are getting money from the Federal Reserve System . And the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger. That why in the first quarter of 2017 the oil             price will be 12
Continues rally
Elliott wave +fibonaci
Way to 12

Related Ideas

EXCAVO
CRUDE OIL Elliott wave
EXCAVO about CL1! 15 3 months ago
EXCAVO
OIL
EXCAVO about CL1! 3 months ago
EXCAVO
OIL
EXCAVO about CL1! 4 3 months ago
EXCAVO
CRUDE OIL
EXCAVO about CL1! 10 3 months ago
EXCAVO TOP
3 months ago
CRUDE OIL
Reply
EXCAVO TOP
3 months ago
1
+1 Reply
EXCAVO TOP
3 months ago
CRUDE OIL
Reply
cocawater EXCAVO
3 months ago
Hi Excavo, I agree with you about OIL.But, according to Elliot Wave, 2-3 length should be the longest one, right? Also, have you thought about another possibility : 55-25 side wave after president election? Thanks
+1 Reply
EXCAVO TOP cocawater
3 months ago
In the theory of Elliott. 2 should be short and one long wave
+1 Reply
EXCAVO TOP EXCAVO
3 months ago
I know president will be Clinton
+1 Reply
tbuckle PRO
3 months ago
what do you mean by the use of 12? Did you mean 52?
+1 Reply
EXCAVO TOP tbuckle
3 months ago
no i mean 12
+1 Reply
tbuckle PRO EXCAVO
3 months ago
Oh I'm sorry. I totally miss understood what you were say. $12 oil did not occur to me. I thought it was a typo. Thank you for the clarification. So how would $12 oil help the FED? Wouldn't that bankrupt the banks, etc. and cause much turmoil? In any case you think we go to $55 first then $12?
+1 Reply
EXCAVO TOP tbuckle
3 months ago
55 already touched, now going to 12
+1 Reply
EXCAVO TOP tbuckle
3 months ago

All the oil in the world bought and sold for a dollar. I know three people who wanted to change it. Saddam Hussein, Muammar Gaddafi,Christophe de Margerie - all killed. in 2014 you have 100$ that you can buy one barrel of oil is now for the same $ 100 can buy a barrel of 2 , and you can even buy a coffee = ) but FRS just print money. And the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger.
+2 Reply
tbuckle PRO EXCAVO
3 months ago
When was $55 touched? Didn't really answer by question, but ok.
+1 Reply
tbuckle PRO
3 months ago
So you think today was the top for a long long time and we go to 12 from here? Even in the middle of "freeze talks" and the SPY at all time highs, demand increasing, etc. and we go to 12?
Reply
EXCAVO TOP tbuckle
3 months ago
yes
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out