by Lara | Aug 29, 2017 | US Oil |
Last week’s analysis expected more downwards movement. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. Look out for Oil to start falling...
by Lara | Aug 21, 2017 | US Oil
A new low below 46.86 invalidated the main Elliott wave count and provided confidence in the alternate. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one...
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 | 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 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...