Category Archives: US Oil

US OIL: Elliott Wave and Technical Analysis | Charts – May 31, 2019

A small bounce to about 61.33 was expected to begin the week, and thereafter downwards movement was expected to continue and to show an increase in momentum. The bounce was more shallow than expected, reaching only to 59.69, but strong downwards movement fits the larger picture exactly.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – May 31, 2019