Elliott Wave update on Crude Oil 12 Dec 2011

Crude Oil charts are showing tentative signs of fatigue after the run up from $74.95 to $103.37, a move of almost 38%. I am anticipating a correction back to around the $91 levels, but we need to be patient as there will likely be one more attempt higher first. Crude...

Elliott Wave Analysis of Crude Oil – 2 Nov 2011

Elliott Wave Analysis works very nicely in commodities. There is a lot of money to be made if you can apply the techniques you learnt in Five Waves to Financial Freedom. Trouble is, even if you learn the methods, you need to have the capital and the stomach to pull...

Elliott Wave Analysis of Crude Oil

A lot can happen in three weeks! In the Elliott Wave Analysis of Crude Oil posted on 15th August, we anticipated that the price will rise to around 88.10-89.50 and then decline. We had the $71 level in mind, (quite greedily I would say because Oil did come pretty...

Crude Oil outlook

Hello folks, It has been a busy few weeks as I was spending all my evenings putting together my book. Almost done, now! Between, I noticed that Crude Oil came quite close to the target of $71. Remember we have been bearish on this from the time it was around 110?...

A look at BP Plc

Someone wanted to me comment on BP. I am not sure whether she wanted me to look at the British Pound or the British major BP Plc. So I did both. Here are the charts for BP Plc.