by Lara | Feb 20, 2017 | US Oil
Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 58.81. A new low below 51.22 would indicate a downwards...
by Lara | Feb 20, 2017 | Gold |
A lower high and a lower low moved price lower for Monday’s session, which is overall what the main Elliott wave count expected. A public holiday in the USA for Presidents Day saw markets very quiet. Summary: The target for a deep pullback is at 1,148....
by Lara | Feb 18, 2017 | Gold |
Price moved higher for Friday’s session, which was not expected but was allowed for. Price remains below the invalidation point on the main hourly Elliott wave count. This week volume and ATR are giving some clues as to what the upwards movement for the last...
by Lara | Feb 17, 2017 | Copper, EURUSD, Public Analysis, Trading Room, USDJPY |
Today’s Trading Room looks at USDJPY, EURUSD and Copper. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Feb 16, 2017 | Silver |
Last week again expected upwards movement for Silver, which is again what has happened. Summary: Look for support for a pullback here at the lower edge of the blue base channel on the daily chart. If price again comes down to touch that line, use it as an opportunity...
by Lara | Feb 16, 2017 | Gold |
Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240. Price moved higher as expected to reach 1,241.99. Summary: The target for a deep pullback is at 1,148. Corrections along the way down present opportunities to join the...
by Lara | Feb 15, 2017 | Gold |
Price made a lower low and lower high today, the definition of downwards movement. Overall, this was expected. But the session closed green with a strong bounce and that was not expected as the most likely scenario, but it was allowed for. Summary: The target for a...
by Lara | Feb 15, 2017 | Natural Gas, Public Analysis, Trading Room, USDJPY |
Today’s Trading Room looks at Natural Gas and USDJPY. To learn what the Trading Room is about see first Trading Room analysis here. Trading Room will focus on classic technical analysis. Elliott wave analysis will be for support and for targets / invalidation...
by Lara | Feb 14, 2017 | US Oil
Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the...
