The short‑term Elliott Wave view in Oil (CL) continues to show an incomplete bearish sequence from the September 16, 2026 high. This sequence maintains a clear downside bias and sets the tone for the current market structure. From that high, Oil declined in a five‑wave impulsive formation. Wave ((i)) ended at $99.10, and a brief […]
The post Elliott Wave View: Light Crude Oil (Cl) Incomplete Bearish Sequence Still Favors Further Downside appeared first on ActionForex.
Markets Strong US economic and labour market data easily offset lower-than-expected, outdated and difficult-to-interpret August PCE inflation figures yesterday. The combination of a significant upward revision to Q2 GDP with companies accelerating hiring (ADP reported Read more…
Swiss CPI was unchanged at 0.0% m/m in September, matching expectations, while annual inflation accelerated from 0.8% to 1.0% y/y, also in line with consensus. The increase in the headline rate did not reflect a Read more…
Gold’s rebound from 4,110.50 nearly tested the 4,113.82 Fibonacci projection to the tick, preserving the corrective interpretation of the decline from 4,697.07, but the 10-year Treasury yield stayed pinned near 5.30% despite softer PCE inflation—leaving Read more…