Valero Energy (VLO) Elliott Wave Analysis: Buying the Pullback for the Next Rally Above $330+

Valero Energy Corporation., (VLO) manufactures, markets & sells petroleum based & low-carbon liquid transportation fuels & petrochemical products in the US, Canada & internationally. It comes under Energy sector & trades as “VLO” ticker at NYSE.

In weekly, VLO is trading in bullish sequence at all time high. It favors further upside, while short term pullback remains above 6.18.2026 low to extend April-2025 rally. It should find support between $288.36 - $272.10 area for next rally towards $330 or at least 3 swings bounce.

VLO - Elliott Wave Latest Daily View:

In weekly, it ended (I) of ((III)) at $184.79 high (4.05.2024) & (II) at $99.00 low (4.07.2025). Above there, it favors rally in I of (III). Within I of (III), it ended ((1)) at $155.12 high, ((2)) at $130.78 low, ((3)) at $320.24 high & favors pullback in ((4)) in 7 or 11 swings. Within ((3)), it placed (1) at $178.43 high, (2) at $155.29 low, (3) at $265.61 high, (4) at $232.72 low & (5) at $320.24 high. It is showing 11 swings & favors pullbacks in 12^th as ((4)) started from 7.22.2026 high before 13^th swing rally.

Below 7.22.2026 high, it placed (W) at $294.21 low & proposed ended (X) at $315 high. As long as the bounce fail below $315 high, it expects (Y) to extend lower between $288.36 - $272.10 area to finish ((4)). It should find support there for next rally in ((5)) or a 3-swing connector before larger correction unfolds. So far, the pullback is too shallow, but above 6.18.2026 low, it favors more upside as the part of I wave. We like to buy the pullback in 3, 7 or 11 swings at extreme area for next rally. Better opportunity can be larger double in ((4)) or later II pullback against April-2025 low.

Source: https://elliottwave-forecast.c...