On 25 June 2012, when Crude Oil was trading around $79, I wrote on Forbes that Crude oil still has another 10% downside. And on the next day, when Brent Crude was near $92, I said the same thing – that it has another 10% to go – on the DOWNSIDE, that is. Guess what!…
Continue reading →Well, I thought it might be a good idea to post my Elliott Wave analysis of Brent Crude Oil as well, and it appears on MarketWatch today 26 June 2012. You guessed right! I am a bear there too.
Continue reading →Ramki’s Elliott Wave analysis of Crude Oil appears on “Forbes” today.
Continue reading →Crude Oil charts are showing tentative signs of fatigue after the run up from $74.95 to $103.37, a move of almost 38%. I am anticipating a correction back to around the $91 levels, but we need to be patient as there will likely be one more attempt higher first. Crude Oil traders need to keep…
Continue reading →Elliott Wave Analysis works very nicely in commodities. There is a lot of money to be made if you can apply the techniques you learnt in Five Waves to Financial Freedom. Trouble is, even if you learn the methods, you need to have the capital and the stomach to pull the trigger at the right…
Continue reading →A lot can happen in three weeks! In the Elliott Wave Analysis of Crude Oil posted on 15th August, we anticipated that the price will rise to around 88.10-89.50 and then decline. We had the $71 level in mind, (quite greedily I would say because Oil did come pretty close to achieving that target earlier…
Continue reading →Hello folks, It has been a busy few weeks as I was spending all my evenings putting together my book. Almost done, now! Between, I noticed that Crude Oil came quite close to the target of $71. Remember we have been bearish on this from the time it was around 110? (when some leading investment…
Continue reading →I would like to share with you some charts that demonstrate how to use Elliott Wave Analysis in the real world. The first chart, dated June 9, (when Crude oil was at 101.18) shows a large triangle. As you know, I have remained faithful to the bearish outlook throughout the recent weeks, even in the…
Continue reading →On 15th May, I prepared the first chart for a friend of mine in the Far East. The important point to note is this was done before Goldman Sachs came out with a bullish call on Oil. The set-up was right, and the moment that news hit the market, prices started going up. This is…
Continue reading →You have all heard the news. Commodities rebounded from the biggest drop in almost two weeks after Goldman Sachs Group Inc. advised investors to return to raw materials….When Goldman Sachs analysts made their call yesterday, many commodities traders must have felt either relieved or angry. Relieved if they were long already, and angered if they…
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