A longterm review of Exxon mobil ratio on Crude Oil it seems an upward trend in crude oil which can drive xom to high targets u see on chart $XOM $wti
Buy it here for good returns on decent risk.
Elliott Wave View of Oil (CL) suggests the cycle from August 26 high has ended as wave II. The correction unfolded as double three Elliott Wave Structure. Down from August 26 high, wave ((W)) ended at 40.22 low. The bounce in wave ((X)) ended at 41.87 high. Afterwards, the commodity resumed lower and ended wave ((Y)) at 36.21 low. This ended wave II pullback in...
Elliott Wave View of Oil (CL) suggests the correction against the cycle from July 30 low has ended as wave B. The dip unfolded as running flat Elliott Wave Structure. Down from August 5 high, wave ((a)) ended at 41.33 low. The bounce in wave ((b)) ended at 43.29 high. Afterwards, the commodity resumed lower and ended wave ((c)) at 41.45 low. This ended wave B...
Crude oil is running out of steam to the upside. It has closed the gap from the last decline and presents a good RR short here.
$42 have been a major support zone over the years -- this level is huge and will determine where it trades over the coming months. Daily bollinger bands are extremely tight too, so a big move is likely.
Light Crude Oil 45 minutes chart below shows that the commodity has ended cycle from July 6 high as wave 2 at 38.56 low. The pullback unfolded as a flat Elliott Wave Structure. From July 6 high, wave ((a)) ended at 39.90 low. The bounce in wave ((b)) ended at 41.08 high. Afterwards, oil declined lower in wave ((c)), which ended at 38.56 low. This ended 3 waves...
Light Crude Oil 45 minutes chart shows that the commodity has ended wave (2) pullback at 37.09 low. From there, the commodity extended higher, with the rally unfolding as a diagonal Elliott Wave structure. Up from that wave (2) low, wave ((i)) ended at 39.35 high and wave ((ii)) dip ended at 37.50 low. Oil then extended higher in wave ((iii)), which ended at...
Oil (CL_F) has just ended cycle from 4.29.2020 low as a 5 waves impulse Elliott Wave structure. Up from 4.29.2020 low, wave 1 ended at 23.4 and pullback in wave 2 ended at 20.84. Oil resumes higher again in wave 3 towards 38.18, wave 4 dips ended at 35.88, and wave 5 ended at 40.48. The 5 waves move higher ended wave (A) in higher degree. The instrument is now...
Crude oil is holding the support of the prior low and has broken out of the wedge. This puppy is ready to run! Long crude here!
Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then resumed lower in wave (3) to 19.46, and wave (4) bounce ended at 29.21. Short term chart below shows wave (4) at 29.21 which ended on April 4. Oil has broken below March 30 low...
Target remains at 20. In hindsight, this could have been foreseen as far back as October 2018.
Oil heavily oversold, and price action very similar to previous approaches to the $50 line in the sand. Suggest a buy at 50.80, SL 49.90, target 60. Or even start now (52.63)
Planning for the week ahead Would look for shorts if Last weeks range low is broken Short Trigger on a retest back above "support"