 Submitted By Corey Rosenbloom
A couple of readers have asked me to take a look at current Crude Oil structure and what might be ahead. Let’s do so both on the daily chart, and then see a full Elliott Wave Count with an interesting twist on the Monthly Chart.
Crude Oil ($WTIC) Daily:
Probably the first thing that jumps off...
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Submitted By Corey Rosenbloom
A couple of readers have asked me to take a look at current Crude Oil structure and what might be ahead. Let’s do so both on the daily chart, and then see a full Elliott Wave Count with an interesting twist on the Monthly Chart.
Crude Oil ($WTIC) Daily:
Probably the first thing that jumps off...
|
Submitted By Corey Rosenbloom
A couple of readers have asked me to take a look at current Crude Oil structure and what might be ahead. Let’s do so both on the daily chart, and then see a full Elliott Wave Count with an interesting twist on the Monthly Chart.
Crude Oil ($WTIC) Daily:
Probably the first thing that jumps off...
|
Submitted By Corey Rosenbloom
I’ve rarely seen volume flows shift so dramatically as I’ve seen in some of the crude oil related ETFs. Volume has surged to almost 50 million shares transacting per day in two particular funds: The US Oil Fund (USO) and the Double-Long Crude Oil (DXO) Fund. Let’s look at these for what...
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Submitted By Corey Rosenbloom
I’ve rarely seen volume flows shift so dramatically as I’ve seen in some of the crude oil related ETFs. Volume has surged to almost 50 million shares transacting per day in two particular funds: The US Oil Fund (USO) and the Double-Long Crude Oil (DXO) Fund. Let’s look at these for what...
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Submitted By Corey Rosenbloom
I’ve rarely seen volume flows shift so dramatically as I’ve seen in some of the crude oil related ETFs. Volume has surged to almost 50 million shares transacting per day in two particular funds: The US Oil Fund (USO) and the Double-Long Crude Oil (DXO) Fund. Let’s look at these for what...
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 Submitted By ContrarianProfits
“Global Demand for Oil to Plummet,” screams a recent Financial Times headline. Huh? No it won’t. Who are they trying to kid?
Global oil demand is not going to “plummet.” And for the FT to say so is just plain silly, if not irresponsible. OK, I know. There’s an old saying...
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Submitted By ContrarianProfits
“Global Demand for Oil to Plummet,” screams a recent Financial Times headline. Huh? No it won’t. Who are they trying to kid?
Global oil demand is not going to “plummet.” And for the FT to say so is just plain silly, if not irresponsible. OK, I know. There’s an old saying...
|
Submitted By ContrarianProfits
“Global Demand for Oil to Plummet,” screams a recent Financial Times headline. Huh? No it won’t. Who are they trying to kid?
Global oil demand is not going to “plummet.” And for the FT to say so is just plain silly, if not irresponsible. OK, I know. There’s an old saying...
|
Submitted By ContrarianProfits
U.S. oil price rises above $36… UAE follows OPEC deals with Jan, Feb cuts… Expectations of slowing energy demand weigh
Oil rose above $36 a barrel on Friday after the United Arab Emirates joined leading exporter Saudi Arabia in deepening supply curbs in line with OPEC’s biggest ever output...
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Submitted By ContrarianProfits
U.S. oil price rises above $36… UAE follows OPEC deals with Jan, Feb cuts… Expectations of slowing energy demand weigh
Oil rose above $36 a barrel on Friday after the United Arab Emirates joined leading exporter Saudi Arabia in deepening supply curbs in line with OPEC’s biggest ever output...
|
Submitted By ContrarianProfits
U.S. oil price rises above $36… UAE follows OPEC deals with Jan, Feb cuts… Expectations of slowing energy demand weigh
Oil rose above $36 a barrel on Friday after the United Arab Emirates joined leading exporter Saudi Arabia in deepening supply curbs in line with OPEC’s biggest ever output...
|
Submitted By ContrarianProfits
It was cloudy in the Algerian city of Oran on Wednesday…and a fairly pleasant 14 degrees in the open air… But the assembled leaders of the OPEC oil exporters’ cartel must have been feeling rather hot under the collar. Since hitting a peak of $147 in July this year, the price of oil has fallen...
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Submitted By ContrarianProfits
It was cloudy in the Algerian city of Oran on Wednesday…and a fairly pleasant 14 degrees in the open air… But the assembled leaders of the OPEC oil exporters’ cartel must have been feeling rather hot under the collar. Since hitting a peak of $147 in July this year, the price of oil has fallen...
|
Submitted By ContrarianProfits
It was cloudy in the Algerian city of Oran on Wednesday…and a fairly pleasant 14 degrees in the open air… But the assembled leaders of the OPEC oil exporters’ cartel must have been feeling rather hot under the collar. Since hitting a peak of $147 in July this year, the price of oil has fallen...
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