Category: Crude Oil

Crude Oil forecast as of 11/06/2009

Nothing has changed when it comes to crude oil. Market is still consolidating and  Elliott continues showing “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th .This wave can last until November 23rd before this specific combination would come invalid. Price wise, there is plenty of room to go.

QMContinues 091108 11.19.31 085.7A

Crude Oil forecast as of 10/27/2009

QMZ9 – Market is consolidating but Elliott continues showing “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th .This wave can last until November 23rd before this specific combination would come invalid. Price wise, there is plenty of room to go.

Move down to low 70s will signal likely the finish of the current up wave.

QMContinues_091027_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 10/19/2009

QMX9 – Market continued moving up and Elliott continues showing “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th .This wave can last until November 23rd before this specific combination would come invalid. Price wise, there is plenty room to go.

QMContinues_091019_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 10/13/2009

QMX9 – Market moved a little bit above the recent trading range. This might mean that finally the “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th will be finished.

QMContinues_091013_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 10/06/2009

QMX9 – Market is still in range and Elliott is still showing that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th.

This range trading has been going on unusually long for oil market, so be ready for breakout any time.

QMContinues_090929_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 09/29/2009

QMX9 – Although market moved down, it did not breach our magical 65.00 level and Elliott is still showing that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th.

If the market breaks 65.00 and continues down below 60.00, then we know that new wave down has started.

QMContinues_090929_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 09/22/2009

QMX9 – Market is still in the range and has not broken out but looking closely to the ZZ 3rd wave, it seems that market either needs to start actively moving up or the likely time frame is over soon. Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th.

Market move below 65.00 makes it likely that move up has ended.

QMContinues_090922_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 09/15/2009

QMV9 – Market is still in the range and  has not broken out so we still have the same two equally likely scenarios. Elliott shows that

A: market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 50.81- 64.86 between August 5th and November 5th;

QMContinues_090915_A_Blog

or

B: market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 7th

QMContinues_090915_B_Blog

Market move above 75.00 makes scenario “B” more likely, market move below 65.00 makes scenario “A” more likely.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 09/08/2009

QMV9 – Market has not broken out of the range so we still have the same two equally likely scenarios. Elliott shows that

A: market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 50.81- 64.86 between August 5th and November 5th;

QMContinues_090908_A_BlogB: market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 7th

QMContinues_090908_B_BlogMarket move above 75.00 makes scenario “B” more likely, market move below 65.00 makes scenario “A” more likely.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 09/01/2009

QMV9 – Independent of market’s recent move down, we have two equally likely scenarios. Elliott shows that

A: market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 50.81- 64.86 between August 5th and November 5th;

QMContinues_090901_A_Blog

or

B: market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 73.29 – 102.46 between August 10th and October 6th

QMContinues_090901_B_Blog

Market move above 75.00 makes scenario “B” more likely, market move below 65.00 makes scenario “A” more likely.

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

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