Tag Archives: elliott wave counts oil

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

US Oil, US Oil Historical

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 – 24th January, 2016

US Oil, US Oil Historical

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 – 4th January, 2016

US Oil, US Oil Historical

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

US Oil, US Oil Historical

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 – 7th December, 2015

US Oil

An update to last analysis expected downwards movement to a target at 38.33. Price moved lower to reach 37.50 so far.

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

US Oil, US Oil Historical

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

US Oil, US Oil Historical

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

US Oil, US Oil Historical

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

US Oil, US Oil Historical

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

US Oil, US Oil Historical

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.

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US OIL Elliott Wave Technical Analysis – 26th October, 2015

US Oil, US Oil Historical

Downwards movement was expected.

The session for 21st October provided confirmation of a trend change when it clearly breached the channel.

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