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US OIL Elliott Wave Technical Analysis – 2nd February, 2018

Sideways movement, which has not made a new high, this week fits the main Elliott wave count better than the new alternate. Summary: Assume the upwards trend remains intact while price remains within the yellow channel on the daily chart. Only if that channel is...

US OIL Elliott Wave Technical Analysis – 26th January, 2018

Upwards movement has continued towards the target, which was at 67.86, and which has not yet been met. A new alternate wave count is considered this week. Summary: Assume the upwards trend remains intact while price remains within the yellow channel on the daily...

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

Price has continued higher towards the new target, which has not been met yet. Summary: The target for upwards movement to end is now at 67.86. If this target is wrong, it may now be too high. New updates to this analysis are in bold. MONTHLY ELLIOTT WAVE COUNT Click...

US OIL Elliott Wave Technical Analysis – 5th December, 2017

Price has moved sideways, remaining within the Elliott wave channel and above the invalidation point. Summary: The target for upwards movement to end is a zone at 61.42 to 62.11. There is some weakness now and indicators are extreme; look out for this upwards trend to...