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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • OIL Elliott Wave Analysis: Bearish Reversal 0 comments
    Apr 30, 2014 3:34 AM | about stocks: OIL

    Crude oil has turned bearish recently with a sharp reversal down from around 104.00 level and through the lower support line of a corrective channel. A reversal from the highs is very strong with increasing volume and momentum, and impulsive price action. Therefore we believe that wave (c) down is under way back to 96.40.

    OIL 4h Elliott Wave Analysis

    Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

    Stocks: OIL
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