OIL CL_F Drops in Wave ((v)) – Minimum Target Hit!
Hello traders. In this technical article we’re going to look at the Elliott Wave charts of Oil commodity (CL_F) published in members area of the website. OIL has recently given us a 3 waves recovery that found sellers as expected. In this discussion, we’ll break down the Elliott Wave forecast. OIL Elliott Wave 1 Hour Chart 10.15.2025 OIL ended a 5-wave decline in the cycle from the 62.93 peak. Currently, the commodity is showing a recovery against that peak: wave ((iv)). We recommend that members avoid buying OIL at this stage and instead favor the short side. As our members know, wave ((iv)) usually ends within the 23.6–38.2% Fibonacci retracement zone, measured from the starting point of wave ((ii)), which in this case is the 62.93 peak. Therefore,