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 | Feb 8, 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. Summary: A fifth wave may be extending, and it may be strong as is typical for commodities. If targets are wrong, they may not be low enough....
by Lara | Feb 2, 2016 | US Oil, US Oil Historical |
Last week’s analysis expected to see 8 sessions of overall upwards movement to a target at 31.47 or 34.16. Price moved higher for 7 sessions to reach 34.82. Summary: The correction for minor wave 4 is very likely to be over. This would be confirmed with a clear...
by Lara | Jan 24, 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. Summary: A correction for minor 4 looks to have arrived and at this early stage it is most likely to be a quick sharp...
by Lara | Jan 18, 2016 | US Oil, US Oil Historical |
Downwards movement continues exactly as expected for US Oil. Summary: Oil is in a fifth wave to end a third wave impulse. Commodities often exhibit swift strong fifth waves, particularly fifth waves to end their third waves. The target remains the same at 29.21. At...
by Lara | Jan 11, 2016 | US Oil, US Oil Historical |
Downwards movement continues exactly as expected for US Oil. Summary: Oil is in a fifth wave to end a third wave impulse. Commodities often exhibit swift strong fifth waves, particularly fifth waves to end their third waves. The target remains the same at 29.21. New...
by Lara | Jan 4, 2016 | US Oil, US Oil Historical |
The Elliott wave count remains the same. There is still only one Elliott wave count for US Oil. Summary: A fifth wave down to end a third wave may have begun. For confidence in this idea, price needs to break below the upwards sloping cyan trend line on the classic...
by Lara | Dec 14, 2015 | US Oil, US Oil Historical |
The structure is becoming a little clearer. There is only one daily Elliott wave count this week. Summary: The trend is down and corrections present an opportunity to join the trend. Currently, a little more upwards movement is indicated for another one or two days to...
by Lara | Nov 30, 2015 | US Oil, US Oil Historical |
Upwards movement was expected for the week, which is what happened overall. Summary: Upwards movement is unfolding exactly as expected, as a zigzag. Short term the wave count does not expect a new low below 39.89. Green daily candlesticks are expected for this week to...
