by Lara | Sep 26, 2017 | US Oil |
Last week’s analysis expected Oil to continue to rise for the short to mid term. Summary: Oil may continue to rise for the short to mid term. The target is now 53.20 for the short term. Use the blue channel on the main daily Elliott wave chart. Expect upwards...
by Lara | Sep 19, 2017 | US Oil |
A new high above 49.42 has invalidated last week’s Elliott wave analysis. Two new Elliott wave counts are considered this week. Summary: Oil may continue to rise for the short to mid term. The target is now, at minimum, above 52.37. 53.20 is also possible. Use...
by Lara | Sep 13, 2017 | Public Analysis, US Oil |
Downwards movement was expected. Over the last week price has made a lower low and a lower high, but the weekly candlestick so far is green with continued deep bounces. Summary: The bigger picture for Oil remains bearish. Each time price comes up to touch, or gets...
by Lara | Sep 5, 2017 | US Oil
Price continues to find resistance at the wide channel on the monthly and weekly charts. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. In the...
by Lara | Aug 29, 2017 | US Oil |
Last week’s analysis expected more downwards movement. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. Look out for Oil to start falling...
by Lara | Aug 21, 2017 | US Oil
A new low below 46.86 invalidated the main Elliott wave count and provided confidence in the alternate. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one...
by Lara | Aug 14, 2017 | US Oil |
More upwards movement was expected for Oil for the week. This is not what happened. A pullback remains just above the invalidation point on the main Elliott wave count. Summary: While price remains above 46.86, it looks most likely that Oil may continue higher to...
by Lara | Aug 7, 2017 | US Oil |
More upwards movement was expected for the week for US Oil. Price has moved sideways, remaining above the invalidation point on the daily Elliott wave count. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart;...
by Lara | Jul 31, 2017 | US Oil |
Upwards movement for the last week for US Oil was not expected and has breached an important trend line. The Elliott wave count this week is changed. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart; if that...
