PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

Archive for the ‘OIL’ Category

March 18th, 2015: Oil Monthly Chart Update

Posted by pugsma on March 18, 2015

11:30 pm EST:   Based on the monthly chart, Oil has a Cycle 2 target in the $41 to $35 range.   Oil looks to be in a minor 3 of major [5]-PC-C2 wave down with a minor 3 = 1.62*minor 1 target at $41-42.   Look for a minor 4 bounce to $43-44 and then minor 5=1 at $37-38 to complete the Cycle 2 low.

Oil (WTI) Monthly Chart:

PUG Oil (WTI) Monthly Chart 3-18-15

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January 4th, 2015: OIL (WTI) Monthly Chart

Posted by pugsma on January 4, 2015

12:25 pm EST:  Here is the OIL (WTI) monthly chart with a wave count projecting to a bottom near $47, where [C]=1.62[A] = 47.2.

OIL (WTI) Monthly Chart (1-2-15, EOD):

PUG OIL (WTI) Monthly 1-2-15

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December 8th, 2014: Crude Oil Historical Chart

Posted by pugsma on December 8, 2014

2:55pm EST:    Below is a long-term historical chart on WTI Crude Oil prices.   $60 per barrel is an interesting level based on the parallel trend-line connecting the December 1998, December 2001 and March 2009 lows.

PUG_Crude_Oil_Price_History_Chart 12-8-14

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