Upwards movement for the week has unfolded exactly as expected.

Both Elliott wave counts at the daily chart level remain valid. The larger picture at the weekly and monthly chart level remains the same.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – 21st September, 2018 →

On Balance Volume gives a weak signal this week that slightly favours one Elliott wave count over the other.

Overall, the larger trend remains the same.

Continue reading US OIL Elliott Wave Technical Analysis – 14th September, 2018 →

Price has continued to move overall sideways for several weeks, which is exactly what the Elliott wave count expected for the bigger picture.

Two Elliott wave counts remain at the daily chart level. They both expect the same direction next.

Continue reading US OIL Elliott Wave Technical Analysis – 7th September, 2018 →