by Lara | Jul 25, 2017 | US Oil |
A target for the bounce to end was given in last analysis at 47.96 to 48.91. Price reached up to 47.74, just 0.22 short of the target. Summary: The bounce now looks likely to be over. This is supported by short term volume and divergence with volatility. If the orange...
by Lara | Jul 17, 2017 | US Oil |
After last published analysis for Oil, another update was posted in comments the following day that expected that the bounce was not over. Price has moved higher since then. Summary: A new target for the bounce to end is at 47.96 to 48.91. If price comes up to touch...
by Lara | Jul 11, 2017 | US Oil |
After the strong downwards session of the 5th of July, there was an update to technical analysis posted in comments of the last published post for US Oil which expected the bounce was most likely over. Price has moved down from there as expected so far. Summary:...
by Lara | Jul 4, 2017 | US Oil, US Oil Historical |
Short positions were exited for a profit when price breached a channel. Now a deep bounce is underway exactly as expected. Summary: The bounce looks incomplete. If price comes up to touch the pink base channel on the daily chart, then enter short there. Stops should...
by Lara | Jun 27, 2017 | US Oil |
Stops are now protecting profit on short positions. The target remains the same. Members this week may have a little more confidence in the main Elliott wave count now that an alternate has been invalidated. Summary: Adjust the best fit channel very slightly using the...
by Lara | Jun 20, 2017 | US Oil |
Last week the main wave count expected a continuation of downwards movement, which is what has happened. This week members are offered advice on how to manage short positions, which were opened after a channel was breached on the 25th and 26th of May. Summary: Pull...
by Lara | Jun 13, 2017 | US Oil |
Since last analysis downwards movement continues as expected. Trading advice on how to protect short positions is given for members this week. Summary: Pull stops on short positions down now to either breakeven or just above the high of the 5th of June at 48.42. If...
by Lara | Jun 6, 2017 | US Oil |
Downwards movement continues as the Elliott wave analysis overall expects. Summary: Overall, downwards movement is still expected and bounces are an opportunity to enter short or to add to short positions. At this time, stops may be set just above the last swing high...
by Lara | May 30, 2017 | US Oil |
Downwards movement was expected and began strongly. So far upwards movement looks like another bounce. Classic technical analysis is used to see if it may be over, or if it may continue. Summary: In the short term, it is entirely possible that price may yet move a...
