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Crude Oil Futures Rally Driven by Powerful Wave (3) Structure

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free mcx crude oil 4 hours chart tips

free mcx crude oil 4 hours chart tips

Crude Oil Futures: Elliott Wave Structure Points to Further Upside

In the short term, Crude Oil futures may remain volatile as Wave (3) moves toward its expected target area. If the strong upward momentum continues, the price could rise toward the 10,000–10,450 zone.

After reaching this area, the market may enter a Wave (4) correction, where prices could pull back for some time.

Once this correction is finished, the uptrend may start again with the formation of Wave (5). This final wave could push prices to new highs before the overall upward cycle is completed.

Updated Wave (5) targets will be provided to premium subscribers once Wave (4) is confirmed or if the extended Wave (3) scenario becomes invalid.

Key Economic Events This Week

Monday, March 16, 2026

12:00 – India WPI Inflation (Low Impact)
18:45 – US Industrial Production (Medium Impact)

Tuesday, March 17, 2026

17:45 – US ADP Employment Change (Medium Impact)
19:30 – US Existing Home Sales & NAHB Housing Market Index (Low Impact)

Wednesday, March 18, 2026 – Must Watch

02:00 – US API Weekly Crude Oil Stock (High Impact)
18:00 – US PPI (MoM) – February (Medium Impact)
20:00 – US EIA Crude Oil Inventories (High Impact)
23:30 – US Fed Interest Rate Decision, Interest Rate Projections & FOMC Statement (High Impact)

Thursday, March 19, 2026

00:00 – US FOMC Press Conference (High Impact)
18:00 – US Philadelphia Fed Manufacturing Index (Medium Impact)
20:00 – US Natural Gas Storage Report (Medium Impact)

Note: Crude oil prices may remain volatile this week due to crude oil inventory data and the Federal Reserve interest rate decision.

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3 Comments

  1. I’m holding crude oil from 19 Feb after reading your report. Thank you for update. Awesome profit call n updates

    Reply ↩

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