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Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets $110 Area

Traders should look for confirmation through volume before committing to a new directional trend. : Presumed to be starting wave v of 1 on the H4 chart. ELLIOTT WAVE BLOG

Upside targets are set at , with 1.3620 serving as the critical invalidation level. Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets

Volatility in energy and metals is creating distinct Elliott Wave setups. : Currently unfolding an ABC zigzag rally . The short-term target is the extension area around $110.54 . Gold : Volatility in energy and metals is creating distinct

Equity markets are currently in a high-stakes "Wave 5" environment. : The index reached a new all-time high on April 22.

Analysts from FXStreet indicate the current rally from late March is likely the fifth wave of a five-wave impulse. : Initial resistance is near , with a secondary equality measure at