by Ramki | May 24, 2010 | Oil
In just a matter of 9 days Crude Oil has moved over 15%. Now tell me if there is any finance manager who wishes to hedge his exposures would not be happy to have such intelligence! Elliott Wave Analysis is powerful if you know how to use it. A recovery to $73 is...
by Ramki | May 12, 2010 | Oil
Here is a chart of Light Crude oil that I prepared yesterday for a Reuters presentation. As you can see from the elliott wave analysis and labels marked on the chart, I expect a slight recovery from the mid 75s , but eventually we should be prepared for a move lower...
by Ramki | Oct 5, 2008 | Oil
The technical target for oil is in the low $86s. That level also is not far from the 61.8% correction of the rally from 49.90 to 147.27. Once we reach the low 87s, you should be wary of some serious short-covering. That buying could take the commodity back towards 103...
