Category Archives: US Oil

US OIL Elliott Wave Technical Analysis – 20th December, 2016

Another small consolidation unfolded as expected finding support at the trend line on the daily Elliott wave chart. Thereafter, upwards movement has continued as expected.

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US OIL Elliott Wave Technical Analysis – 14th December, 2016

Upwards movement has continued as expected from last Elliott wave analysis.

The small consolidation also unfolded as expected and remained above the invalidation point at 46.57.

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US OIL Elliott Wave Technical Analysis – 6th December, 2016

Last analysis was invalidated by upwards movement, which was unexpected.

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

Last analysis expected downwards movement.

Price has moved overall lower for the week.

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US OIL Elliott Wave Technical Analysis – 22nd November, 2016

Last analysis expected an upwards correction was not over.

Price has overall moved higher but remains below the invalidation point.

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US OIL Elliott Wave Technical Analysis – 15th November, 2016

The Elliott wave count remains the same.

Classic technical analysis is used to determine if current upwards movement is a new trend or a correction.

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

Again, downwards movement continues as expected.

The target and minimum requirement remain the same based on Elliott wave structure.

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

Last week the US Oil Elliott wave and classic technical analyses were in agreement that there had been a trend change for Oil.

Downwards movement was expected. This is what happened.

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

Last analysis was down to only one Elliott wave count as the structure became clearer.

A short term target for a little more upwards movement was at 53.30. Price has reached so far up to 51.93.

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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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