Crude Oil - Ideally a test of the 50.16 - 50.98 resistance area will be seen before a minor correction set in

Crude Oil - Ideally a test of the 50.16 - 50.98 resistance area will be seen before a minor correction set in

Crude Oil - Long term much more upside is expected

Crude Oil - Ideally a test of the 50.16 - 50.98 resistance area will be seen before a minor correction set in

It has been pure pleasure to track crude oil up from the 26.06 low. Ideally a little more upside closer to the 50.16 - 50.98 resistance area will be seen, before a correction towards 43.03 sets in. Should the correction from the 50.16 - 50.98 area move below support at 41.90, the count will be changed from wave [iii] to a series of wave s one's and two's indicating an even more bullish configuration for the longer term picture. 

Looking at the longer term picture, much more upside is expected in the weeks and months ahead, with the next major upside target seen at 62.58.

When a 1+ is highlighted in the right hand corner, more charts is available in this chart-pack 3 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.       

Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
Thomas
2014-05-28
phenomenal new service EWS, I have followed you for 18 months and the exceptional analysis continues unabated! I look forward to the daily updates focusing on the most interesting and potentially lucr...
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane