Category Archives: US Oil

US OIL Elliott Wave Technical Analysis – 19th October, 2016

Price has moved sideways since last Elliott wave and technical analysis.

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

Downwards movement was expected as likely for this last week.

Price has moved higher.

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US OIL Elliott Wave Technical Analysis – 5th October, 2016

With price consolidating and the Elliott wave count in either a B or an X wave, classic technical analysis may be a better guide to what Oil may do next.

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US OIL Elliott Wave Technical Analysis – 28th September, 2016

Last week’s classic technical analysis diverged from the Elliott wave count. Price has moved mostly sideways.

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US OIL Elliott Wave Technical Analysis – 21st September, 2016

Last week’s analysis expected overall downwards movement.

Since last analysis Oil has made a lower low.

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US OIL Elliott Wave Technical Analysis – 13th September, 2016

Both Elliott wave counts expect Oil to move in the same direction next.

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US OIL Elliott Wave Technical Analysis – 5th September, 2016

A new low below 43.51 confirmed the main daily Elliott wave count and invalidated two alternates.

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US OIL Elliott Wave Technical Analysis – 29th August, 2016

Last week’s classic technical analysis saw weakness to upwards movement and expected a downwards reaction.

Price has moved sideways for the week.

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

Last week’s analysis expected downwards movement as most likely.

Price continued higher.

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US OIL Elliott Wave Technical Analysis – 16th August, 2016

Last week’s analysis expected more downwards movement.

The Elliott wave count was invalidated with a new high above 44.43.

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US OIL Elliott Wave Technical Analysis – 9th August, 2016

Last week’s analysis expected downwards movement. This is not what happened.

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US OIL Elliott Wave Technical Analysis – 2nd August, 2016

Last week’s analysis expected downwards movement and an increase in momentum. This is exactly what has happened.

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US OIL Elliott Wave Technical Analysis – 25th July, 2016

Last week again expected overall downwards movement. This is again exactly what has happened.

An increase in downwards momentum was also expected and has been seen by MACD.

Continue reading US OIL Elliott Wave Technical Analysis – 25th July, 2016