Elliott Wave Analysis of Crude Oil (QM futures contract) by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge.
Here’s a sneak peek at my current main Elliott Wave count for Crude Oil (QM), depicted on a weekly chart.
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P.S . . I was on vacation last weekend, but in the last “Counts” webinar (on September 11, 2011), I showed a bearish 1-2-1-2 setup in Silver, and stated that I was definitely bearish the XY contract. Silver was at $41.52 at the time. It closed Friday (9-23) at $31.14, down 25% in two weeks. Yay!