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US OIL Elliott Wave Technical Analysis – 13th April, 2018

A new high above 66.65 has substantially reduced the probability of the main Elliott wave count and increased the probability of the alternate. This week the two wave counts should be swapped over. Summary: The probability that Oil is in a huge new bull market looks...

US OIL Elliott Wave Technical Analysis – 30th March, 2018

A turn was expected. Price has remained just below the invalidation point and printed a red weekly candlestick. Summary: Price must continue lower here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish...

US OIL Elliott Wave Technical Analysis – 23rd March, 2018

A bounce was expected to continue, with the target at 65.05. So far price has reached up to 65.99. Summary: Price must turn here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish wave count and increase...

US OIL Elliott Wave Technical Analysis – 16th March, 2018

Another small range week, this time an inside week, does not change the Elliott wave analysis. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at this stage would be very bullish. In the short term, still look for a...