A bounce was expected to end very early within the week in the target zone from 60.53 to 61.74. No more upwards movement was seen. Price has turned within this target zone.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 19, 2019 →

Upwards movement for the week was expected to a target zone at 60.53 to 61.74. The high for the week at 60.93 fits this expectation exactly.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 12, 2019 →

Some sideways or downwards movement was expected for the week. An outside week closes red, meeting expectations overall.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – July 5, 2019 →