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

Upside targets are set at , with 1.3620 serving as the critical invalidation level.

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.

Likely in a reversal phase following stalls in US-Iran peace negotiations.

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

: The bullish structure remains valid as long as it holds above the support zone. Nasdaq 100 (NDX) : Current momentum is consistent with a final 5th wave. Projections suggest a potential peak near by late April. Commodities & Forex Highlights

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

Elliott Wave Market Brief: Navigating April’s Turning Points

Elliott Wave Blog May 2026

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

Upside targets are set at , with 1.3620 serving as the critical invalidation level.

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

Likely in a reversal phase following stalls in US-Iran peace negotiations.

Equity markets are currently in a high-stakes "Wave 5" environment. : The index reached a new all-time high on April 22. Elliott Wave Outlook: Oil (CL) Zigzag Rally Targets

: The bullish structure remains valid as long as it holds above the support zone. Nasdaq 100 (NDX) : Current momentum is consistent with a final 5th wave. Projections suggest a potential peak near by late April. Commodities & Forex Highlights

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 Likely in a reversal phase following stalls in

Elliott Wave Market Brief: Navigating April’s Turning Points

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Elliott Wave Blog May 2026

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