Category Archives: US Oil Historical

US OIL Elliott Wave Technical Analysis – 8th February, 2016

Last week expected downwards movement from Oil.

Price came back up to touch the trend line and then has overall moved lower.

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US OIL Elliott Wave Technical Analysis – 1st February, 2016

Last week’s analysis expected to see 8 sessions of overall upwards movement to a target at 31.47 or 34.16.

Price moved higher for 7 sessions to reach 34.82.

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US OIL Elliott Wave Technical Analysis – 24th January, 2016

Upwards movement has breached the cyan line which was providing resistance on the last updated US Oil daily chart. This indicates a trend change.

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US OIL Elliott Wave Technical Analysis – 18th January, 2016

Downwards movement continues exactly as expected for US Oil.

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US OIL Elliott Wave Technical Analysis – 11th January, 2016

Downwards movement continues exactly as expected for US Oil.

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US OIL Elliott Wave Technical Analysis – 4th January, 2016

The Elliott wave count remains the same.

There is still only one Elliott wave count for US Oil.

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US OIL Elliott Wave Technical Analysis – 14th December, 2015

The structure is becoming a little clearer. There is only one daily Elliott wave count this week.

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US OIL Elliott Wave Technical Analysis – 30th November, 2015

Upwards movement was expected for the week, which is what happened overall.

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US OIL Elliott Wave Technical Analysis – 24th November, 2015

Last analysis expected more downwards movement for the week which is what happened.

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US OIL Elliott Wave Technical Analysis – 17th November, 2015

Last analysis expected a third wave down was most likely underway.

Further downwards movement fits the Elliott wave count perfectly so far.

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US OIL Elliott Wave Technical Analysis – 10th November, 2015

Some more upwards movement to 48.09 – 49.35 was expected. Thereafter, the main Elliott wave count expected price to turn back down.

Price moved higher to reach 48.36 and turned down from there.

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US OIL Elliott Wave Technical Analysis – 3rd November, 2015

Downwards movement was expected to continue, but this is not what is happening.

I have two wave counts for you today that expect the same direction for the short term.

Continue reading US OIL Elliott Wave Technical Analysis – 3rd November, 2015