by Lara | May 26, 2015 | US Oil, US Oil Historical |
US Oil continues to behave as expected. Summary: Upwards movement is very close to completion. The target is at 64.39. Click chart to enlarge. This wave count sees US Oil as within a big super cycle wave (II) zigzag. Cycle wave c is highly likely to move at least...
by Lara | Apr 29, 2015 | US Oil, US Oil Historical |
While Gold may be in a consolidation phase and difficult to analyse, US Oil has been behaving exactly as expected. Summary: The corrective structure is now clearer. The higher target zone of 59.07 – 61.57 is almost reached. The structure is incomplete. The...
by Lara | Mar 19, 2015 | US Oil, US Oil Historical |
A big fourth wave correction is unfolding as expected from last Elliott wave analysis. Now there there is more structure to analyse a better target may be calculated. Summary: I expect either some upwards movement to end 59.07 – 61.57 to be reached in about six...
by Lara | Feb 10, 2015 | US Oil, US Oil Historical |
It looks like the third wave is finally over at 43.58, just $0.85 below the final target calculated at 44.43. Summary: I expect choppy overlapping movement for about 28 to 34 weeks in total (another 26 to 32 weeks following the date of this analysis) for a sideways...
by Lara | Jan 8, 2015 | US Oil, US Oil Historical |
This third wave has blitzed all targets so far, and the structure is incomplete. Summary: The next possible point for this to end is about 44.43. A new high above 57.14 would provide price confirmation that the downwards fall is over for the mid term. Click on charts...
by Lara | Dec 12, 2014 | US Oil, US Oil Historical |
Intermediate wave (3) down should continue to 54.05. Summary: A third wave is underway. Corrections are brief and shallow. The new target is at 54.05. Only a clear breach of the pink channel on the daily chart would indicate that the downwards trend is being...
by Lara | Oct 21, 2014 | US Oil, US Oil Historical |
The target at 84.65 was comfortably passed and the structure is incomplete. Summary: The new target for this wave to end is 79.67 – 78.15, which may be met within one to two weeks. Click on charts to enlarge. The bigger picture sees US Oil in a super cycle...
by Lara | Aug 12, 2014 | US Oil, US Oil Historical |
Downwards movement has continued as expected. The wave count remains the same. Summary: The target remains at 74.53. This target may be 13 weeks away. Click on charts to enlarge. Upwards movement has hit the upper teal trend line. Since price bounced down from that...
by Lara | Jul 16, 2014 | US Oil, US Oil Historical |
Movement below 104.51 confirmed the main wave count and invalidated the alternate wave count. The trend is down at cycle degree. Summary: The target remains at 74.53 and this target may be still a few weeks away. A short term target is at 98.90 and may be met in about...
