by Lara | Nov 27, 2017 | US Oil |
Price continues to rise towards the target zone as expected. The target remains the same. This week’s classic analysis is used to judge whether or not recent movement could be over. Summary: The target for upwards movement to end is a zone at 61.42 to 62.11....
by Lara | Nov 21, 2017 | US Oil
Last analysis expected upwards movement, which is exactly what has happened over the last week. The Elliott wave target remains the same. Summary: As long as price remains above 54.84, then expect this consolidation may be over here or very soon. The target for...
by Lara | Nov 14, 2017 | US Oil
Last analysis expected a sideways consolidation to last about eight sessions. Price has moved sideways and lower for the last four sessions. Summary: As long as price remains above 52.86, then expect this consolidation may be over here or very soon. The target for...
by Lara | Nov 7, 2017 | US Oil
The main Elliott wave count expected more upwards movement. Price is above 55.24, so the main Elliott wave count is the sole wave count left. The target has not yet been met. Summary: A sideways consolidation about here may develop, which may last about 8 sessions....
by Lara | Oct 30, 2017 | US Oil |
A classic upwards breakout was seen two days ago. The main Elliott wave count is changed. The alternate Elliott wave count remains the same. Summary: Look for upwards movement to continue now until about 61.42. For the very short term, look for price to curve back...
by Lara | Oct 23, 2017 | US Oil |
A very small range weekly candlestick has moved price sideways and very slightly higher. Summary: A downwards breakout is still expected. Expect resistance about 52.90 and support about 49.10. The target for the next wave down is at 15.38 or 13.00. This target is some...
by Lara | Oct 16, 2017 | US Oil |
The upwards movement over the last week has remained below the invalidation point on the daily Elliott wave counts. Summary: A bearish candlestick wick with strongly declining volume and divergence with volatility suggests a high in place here for Oil. The target for...
by Lara | Oct 10, 2017 | US Oil |
A breach of the channel on the 4th of October on the main daily Elliott wave count indicated a deeper pullback was most likely underway. Thereafter, price has moved lower as the alternate Elliott wave count expected. Summary: Oil may have had a trend change. The next...
by Lara | Oct 3, 2017 | US Oil
Last week’s analysis expected more upwards movement from US Oil. Price moved higher, falling a little short of the target, before turning down for a pullback which so far has remained within the channel. Summary: Oil may continue to rise for the short to mid...
