by Lara | Aug 14, 2017 | US Oil |
More upwards movement was expected for Oil for the week. This is not what happened. A pullback remains just above the invalidation point on the main Elliott wave count. Summary: While price remains above 46.86, it looks most likely that Oil may continue higher to...
by Lara | Aug 7, 2017 | US Oil |
More upwards movement was expected for the week for US Oil. Price has moved sideways, remaining above the invalidation point on the daily Elliott wave count. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart;...
by Lara | Jul 31, 2017 | US Oil |
Upwards movement for the last week for US Oil was not expected and has breached an important trend line. The Elliott wave count this week is changed. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart; if that...
by Lara | Jul 25, 2017 | US Oil |
A target for the bounce to end was given in last analysis at 47.96 to 48.91. Price reached up to 47.74, just 0.22 short of the target. Summary: The bounce now looks likely to be over. This is supported by short term volume and divergence with volatility. If the orange...
by Lara | Jul 17, 2017 | US Oil |
After last published analysis for Oil, another update was posted in comments the following day that expected that the bounce was not over. Price has moved higher since then. Summary: A new target for the bounce to end is at 47.96 to 48.91. If price comes up to touch...
by Lara | Jul 11, 2017 | US Oil |
After the strong downwards session of the 5th of July, there was an update to technical analysis posted in comments of the last published post for US Oil which expected the bounce was most likely over. Price has moved down from there as expected so far. Summary:...
by Lara | Jul 4, 2017 | US Oil, US Oil Historical |
Short positions were exited for a profit when price breached a channel. Now a deep bounce is underway exactly as expected. Summary: The bounce looks incomplete. If price comes up to touch the pink base channel on the daily chart, then enter short there. Stops should...
by Lara | Jun 27, 2017 | US Oil |
Stops are now protecting profit on short positions. The target remains the same. Members this week may have a little more confidence in the main Elliott wave count now that an alternate has been invalidated. Summary: Adjust the best fit channel very slightly using the...
by Lara | Jun 20, 2017 | US Oil |
Last week the main wave count expected a continuation of downwards movement, which is what has happened. This week members are offered advice on how to manage short positions, which were opened after a channel was breached on the 25th and 26th of May. Summary: Pull...