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US OIL Elliott Wave Technical Analysis – 1st November, 2013

Last analysis on 23rd October had a short to mid term target at 94.46. Price reached down to 94.36, but the structure is incomplete and price should continue lower. Click on the charts below to enlarge. The bigger picture sees US Oil in a new downwards trend to last...

US OIL Elliott Wave Technical Analysis – 26th September, 2013

Last week expected one final fifth wave before a trend change. That is not what happened. The trend change may have already occurred. Oil has been a frustrating market to analyse for the last month or so. I am very keen to get it right this week! Click on the charts...

US OIL Elliott Wave Technical Analysis – 18th September, 2013

Last analysis expected Oil to move higher for a final fifth wave. This is not what happened. Price moved sideways then lower to breach the invalidation point on the hourly chart. The daily chart remains valid. The wave count remains mostly the same. A final fifth wave...