by Lara | Jul 4, 2016 | US Oil |
Last week’s main Elliott wave count expected overall downwards movement. Price has moved sideways in a small range. Summary: Overall, downwards movement is still expected for the next few weeks, which is likely to be choppy and overlapping. New updates to this...
by Lara | Jun 28, 2016 | US Oil |
The main Elliott wave count expected downwards movement, which is what has happened over the last week for Oil. Summary: In the short term, Oil should be expected to continue overall lower. Downwards movement is overall likely to be relatively deep and may continue...
by Lara | Jun 21, 2016 | US Oil
Downwards movement was expected for the week. The week began with two downwards days then price turned and moved higher, but so far it has not made a new high. Summary: The short term picture for Oil is unclear. Oil may make a new high in the next few days. If it...
by Lara | Jun 13, 2016 | US Oil |
The channel was breached, but price thereafter made another new high. Now the channel is breached again, this time by clearer downwards movement. Summary: This week Oil looks clear. Price has turned and now confidence may be had in a downwards trend to last weeks if...
by Lara | Jun 7, 2016 | US Oil |
The channel is breached. So far price has not made a new high after the breach. Summary: Downwards movement looks most likely from here for several weeks. The target range is 26.06 to 16.88. New updates to this analysis are in bold MONTHLY ELLIOTT WAVE COUNT Click...
by Lara | May 30, 2016 | US Oil
Price continues higher and remains within the channel as the main Elliott wave count expected. The target remains the same. Summary: Expect more upwards movement while price remains within the blue channel on the daily chart. The target remains at 55.83. When the...
by Lara | May 24, 2016 | US Oil
Upwards movement was expected but price has moved sideways in a small range. The target remains the same. Summary: Expect more upwards movement while price remains within the blue channel on the daily chart. The target remains at 55.83. When the channel is breached,...
by Lara | May 17, 2016 | US Oil
Price remains within the channel. Downwards movement was expected but was unconfirmed. Summary: Expect more upwards movement while price remains within the blue channel on the daily chart. The structure is now incomplete. Upwards movement should be expected to...
by Lara | May 10, 2016 | US Oil |
Oil may have seen a trend change but confirmation is first required. Summary: The structure is complete, but a trend change is not yet confirmed by a channel breach. If price breaks below the blue channel, then look for a throwback to find resistance at the blue line....
