Crude Oil forecast as of 08/25/2009

QMV9 – As market has been moving up we now have to equally likely scenarios. Elliott shows that

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

or

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

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Market continuous move up 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 08/18/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 25.52 – 45.19 between September 11^th and January 5^th.

Correction to this down wave is in the box. If market continued aggressively up next week, we might be looking for a different pattern.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 08/11/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 25.93 – 45.44 between August 31^st and December 3^rd .

Correction to this down wave is in the box. If market continued aggressively up next week, we might be looking for a different pattern.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 08/04/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 25.93 – 45.19 between September 11^th and January 5^th

Correction to this down wave is in the box but has little time left. If market continued aggressively up next wee as well, we might be looking for a different pattern.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 07/28/2009

QMU9 –Elliott continuously shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 25.93 – 45.19 between September 11^th and January 5^th

Correction to this down wave is price wise in the range but time wise has room to go, meaning the market does not need to start dropping immediately to validate our forecast.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 07/21/2009

QMQ9 –Elliott shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 25.93 – 45.44 between August 26^th and November 30^th.

Market move above 70.00 will not make this combination invalid.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 07/14/2009

QMQ9 –Elliott shows that market is in the process of “Flat” (FL) 2^nd wave in the range of 25.93 – 45.44 between August 26^th and November 30^th.

Market move above 70.00 will not make this combination invalid.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 07/07/2009

QMQ9 – As market did break recent lows, Elliott shows that last week’s “Double Zig-Zag” is done. This DZ was either larger degree pattern’s middle wave up or as shown on the graph, Flat” (FL) 1^st wave.  If the new wave is FL 2^nd wave then the market will move to the range of 25.93 – 45.44 between August 26^th and November 30^th.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.

Crude Oil forecast as of 06/30/2009

QMQ9 – As market did not break recent lows, Elliott shows that market is still in the process of  “Double Zig-Zag” 3^rd wave.  This wave is way into its price range of 65.43 – 74.59 time range of  May 19^th and June 25^th.

Market moving below recent lows will most likely confirm that new wave down has started.

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

Crude Oil forecast as of 06/23/2009

QMQ9 – Based on recent market action, Elliott shows that last week’s “Double Zig-Zag” might be done. This DZ was either larger degree pattern’s middle wave up or as shown on the graph, Flat” (FL) 1^st wave.  If the new wave is FL 2^nd wave then the market will move to the range of 25.96 – 45.39 between July 31^st and October 22^th.

* Click on chart to view larger image and print.

Flat is a three wave pattern, where 1st and 2nd wave are corrective in nature and 3rd, the last wave, impulsive in nature.