by Lara | Sep 11, 2013 | US Oil
Last week’s analysis expected upwards movement in a zigzag structure which is what has happened. The upwards zigzag is incomplete. Click on the charts below to enlarge. Cycle wave b is incomplete, and is unfolding as a double zigzag. Primary wave X within it was...
by Lara | Sep 5, 2013 | US Oil
Last week’s analysis expected more upwards movement from US Oil, which is not what happened. Price has moved lower to breach the invalidation point at 108.17 on the daily chart. Click on the charts below to enlarge. Cycle wave b is incomplete, and is unfolding...
by Lara | Aug 28, 2013 | US Oil, US Oil Historical |
Movement above 110.56 has invalidated the main monthly wave count and confirmed the alternate. This upwards movement is not yet over. Click on the charts below to enlarge. Movement above 110.56 has confirmed this wave count. Cycle wave b is not over and is completing...
by Lara | Aug 21, 2013 | US Oil
Last week’s analysis of US Oil expected some more upwards movement to end just above 108.76 but not above 108.92. Price moved higher and turned at 108.17, just 0.59 short of the target. This week I expect an increase in downwards momentum for Oil. Click on the...
by Lara | Aug 14, 2013 | US Oil
Last week’s analysis expected downwards movement to a short term target at 98.66 or 92.42. Price did move lower to make a new low at 102.24 but then turned back upwards. Price remains below the invalidation point on the daily chart and the wave count remains...
by Lara | Aug 7, 2013 | US Oil
Last week’s analysis expected downwards movement for the week, with a second wave correction to come. The first wave was already over and the second wave unfolded as a very deep zigzag, ending just below the invalidation point on the daily chart. The hourly...
by Lara | Jul 24, 2013 | US Oil, US Oil Historical
Oil has moved higher as expected for the week, remaining just below the invalidation point. If price breaks above 110.56 in the next one to few weeks this wave count will change significantly. I will briefly cover the alternate for this scenario today. Click on the...
by Lara | Feb 20, 2013 | US Oil, US Oil Historical
My last oil analysis was over a year ago and it expected price to move lower. Price has mostly moved sideways in a decreasing range for the last year. My wave count at the monthly chart level is changed very little. I have a new monthly alternate. Click on the charts...
