Search Results for: crude
Elliott Wave Analysis: Big Complex Correction On Crude OIL Looks Completed; Higher Prices Could Already Be Here
December 6th, 2016
Sharp reversal to the upside on the Crude Oil gives us an idea about a completed three wave correction in wave B) or 2). If that is the case then recent strong upward action is a sign of stronger ...
Oil prices fall over doubts of planned crude output cut
November 28th, 2016
Oil prices fell on Monday, adding to Friday’s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 ...
Asian Energy Stocks Rally With Crude Oil as Dollar Holds Advance
November 21st, 2016
Japan’s Topix index caps longest rally since August 2015 Dollar index at January high as Trump spurs rate-hike bets Oil jumped on optimism OPEC will agree to a supply-cut deal, buoying Asian energy stocks. The dollar built on last ...
Elliott Wave Analysis On NZDUSD And Crude OIL
November 15th, 2016
Elliott Wave Analysis On NZDUSD And Crude OIL NZDUSD Markets are trading sideways today on stocks and USD is close to a pullback. The NZDUSD is still trading lower trying to complete a full five wave move from latest ...
EIA Forecasts $51 Per Barrel 2017 Brent Crude Oil Price
November 14th, 2016
The U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook(STEO) released on November 8 forecasts that North Sea Brent crude oil prices will average $43 per barrel (b) in 2016 and $51/b in 2017. EIA expects that West Texas Intermediate (WTI) ...
Elliott Wave Analysis On NZDUSD And Crude OIL
November 7th, 2016
NZDUSD NZDUSD can be very interesting this week, in case of USD strength. Hourly charts shows a potential contra-trend move up from 0.7034 that can stop near 0.7350 this week. However, a five wave decline back to 0.7200 ...
Crude prices push further below $50 on rising U.S. inventories, OPEC fears
October 26th, 2016
Oil prices were depressed in early Asian trade Wednesday, dragged lower by a sharp growth in the U.S. crude inventories and rising prospects that a production cut deal proposed by the Organization of the Petroleum Exporting Countries could sour ...
Oil rises on reported US crude inventory draw, expected OPEC cut
October 19th, 2016
Oil prices rose early on Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, although analysts warned that Chinese economic data could erode the ...
Asian Stocks, Aussie Trim Gains After China Data as Crude Climbs
October 19th, 2016
Chinese GDP growth stabilized; factory output missed estimates Oil nears $51 as industry report signals drop in U.S. supplies A touch of caution was evident in financial markets after a slew of Chinese data that largely painted a picture of stabilization ...
Elliott Wave Analysis On 10Year US Notes And Crude OIL
October 13th, 2016
Elliott Wave Analysis On 10Year US Notes And Crude OIL 10 Year US Notes 10 year US notes fell to a new low after completing a three wave rally at 132.51 level. Notice that low was hit at 130.20 ...
