Articles Related to CL

GC and CL Meet Upside Targets

GC and CL 30 minute setups given in the Fib room yesterday. Met all 3 targets on the upside.

by Tammy Marshall - 11 months ago

Winning CL Setup - Market Analysis for Nov 7th, 2023

I gave a setup on /CL 30minute chart early this morning....

by Tammy Marshall - 1 year ago

Market Analysis for Apr 26th, 2021

Bonus AreaSharing a few bonus charts that should give you a visual why I've been so bullish in best in breed setups4-5x min rewards vs 1x risk as we loaded up at/near the lows.

by Ricky Wen - 3 years ago

Market Analysis for Mar 2nd, 2021

CL / Crude Oil - Sprinkled many freebies here and there....As discussed, very easy + methodical bull train on oil for the past few months that we rode on and off generating insane amount of alphaContext: many targets have been fulfilled, $55, 57, 60-62 high end zone of the multi-year resistance.Now, it's March 2nd and after the current 3-4 day consolidation pullback it has hit its daily 20EMA....waiting for it to base vs $58-59 to fetch another on-trend bull train ride.If you look closely, the CL bull train last touched daily 20EMA Feb 1st, 2021 to refuel and then subsequently broke out higher on Feb 2nd as we noted.

by Ricky Wen - 3 years ago

$WTI - Elliott Wave Chart Analysis on Dec 2nd, 2020

Key spot for crude to turn back up from if following the impulsive blue count off the November bottom. A successful breakout above the November high should target ~48.25 next as wave (v) of iii. Otherwise, back below the overnight low opens the door to the red (1)-(2) as the alternative.

by Garrett Patten - 3 years ago

$WTI - Elliott Wave Chart Analysis on Nov 25th, 2020

Crude elected to follow the blue count from my previous post, even making a more direct breakout in wave iii of 3. Looks like it is going to continue subdividing higher into the end of the year.

by Garrett Patten - 3 years ago

$WTI - Elliott Wave Chart Analysis on Nov 18th, 2020

Crude got the expected bounce off of last Friday's low, but still has to decide between the more nested count in blue which needs another 5 up or filling out a wider flat off the Nov high as red wave (2).

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Nov 13th, 2020

Crude looks like it is approaching support for a local bottom as either blue wave 2 of (3) or red wave A of (2).

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Nov 6th, 2020

Crude approaching support between 36.77 - 35.54 following what looks like 5 waves up off Sunday's low as wave 1/A followed by an expanded flat wave 2 or B-wave.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Nov 2nd, 2020

Decision time approaching for crude, if this bounce is wave 4 of (C) and one more low is still needed in a 5th, then the .500 retrace and 200 day SMA at ~37.15 should hold. Above there opens the door to a bottom already in place.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Oct 29th, 2020

At least one more 4th and 5th of wave (C) likely to be seen before crude attempts to bottom, potentially even two more sets of 4th and 5ths as shown in red.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Oct 27th, 2020

Crude looks like it is filling out a potential wave 2 bounce in an ending diagonal (C)-wave, with 40 - 41 as target resistance above that should hold. Downside setup remains valid overall as long as the high made last week holds.

by Garrett Patten - 4 years ago

$CL - Elliott Wave Chart Analysis on Mar 8th, 2020

The massive gap down on crude has put the potential for this decline off the 2018 high to be corrective in serious jeopardy. If price is in an impulsive decline off the 2018 high instead, then tonight's open looks likethe heart of a 3rd wave, with lower prices still to come in a series of 4th and 5th waves...

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 28th, 2020

Crude can't catch a bid either, and is stretching beyond where it should have if this is 5 down from the Jan high completing as a c-wave. Therefore, I am forced to add the red count as a bearish alternative, with price in wave 3 of a higher degree (C)-wave.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 26th, 2020

Crude should be getting close to completing wave iii of (v) with 48.17 - 46.78 as target support, setting up at least a corrective wave iv bounce. Above 52 signals all of wave (v) complete and a bottom in place.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 21st, 2020

So far crude turned down where it should have if the bounce off the Feb low is corrective as blue wave (iv). As long as the recent high holds, blue wave (v) can take price down to 47 next before a bottom. Above 54.46 opens the door to more bullish options.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 19th, 2020

Crude looks like it can stretch closer to 54, which remains an important inflection that will decide if this bounce is more than a 4th or not.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 14th, 2020

Crude reached the 52.25 target after the open, so while there remains room up to 53 if needed, the high probability upside in wave c of (iv) has filled out. Below 50.60 is a signal of a top and start to wave (v)targeting 47.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 13th, 2020

Crude is just a stone's throw away from the 52.25 - 53 target for wave c of the wider 4th wave flat. As long as the AH low at 50.60 holds, I still expect a little higher to reach the target. Below 50.60 signals a top likely in place.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 12th, 2020

Crude cooperating very well so far with expectations of a c-wave filling out off Monday's low within the wider 4th wave flat. 51 - 50.70 is support for the current consolidation as wave 4 of c that should setup one more high toward ~52.25 as wave 5 of c.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 12th, 2020

Crude should be filling out wave c of a wider 4th wave flat, with 52.25 - 52 as the target before completing wave (iv) and turning back down again toward 47 as wave (v).

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 6th, 2020

Crude looks like it has at least started a wave (iv) bounce in blue, which should target between 52.83 - 54.21 before completing.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Feb 4th, 2020

Looks like the ED 5th was indeed incomplete for crude, extending the target support down to 48 if needed, but does not have to stretch that low.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Jan 8th, 2020

60.40 is important upcoming support for crude. Should attempt to hold there if this pullback is corrective as some degree 4th wave. Otherwise, strong warning of something else more bearish playing out below 59.30.

by Garrett Patten - 4 years ago

$WTI - Elliott Wave Chart Analysis on Nov 4th, 2019

Crude getting the higher high, but came deeper than ideal for wave iv of (c) in blue. Have to add a LD off the Oct low in red as an alternative.

by Garrett Patten - 5 years ago

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