Tag Archives: how will the oil do in 2015

US OIL Elliott Wave Technical Analysis – 4th January, 2016

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

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

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

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

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

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

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

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

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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US OIL Elliott Wave Technical Analysis – 12th October, 2015

Upwards movement to a target at 51.14 to 51.2 was expected.

Price moved higher and so far has turned at 50.93 just short of the target zone.

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US OIL Elliott Wave Technical Analysis – 6th October, 2015

The triangle completed sideways and was followed by upwards movement, as expected.

The target is recalculated today.

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US OIL Elliott Wave Technical Analysis – 29th September, 2015

Upwards movement was expected for the last week but did not happen. Price has moved sideways, in a decreasing range, to continue a B wave triangle.

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