by Lara | Feb 27, 2017 | US Oil |
This consolidation has now lasted for about 12 weeks. The breakout should come soon now. Volume and On Balance Volume are giving strong signals as to which direction the breakout is most likely to be. Members are offered some advice on how to approach this market this...
by Lara | Feb 20, 2017 | US Oil
Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 58.81. A new low below 51.22 would indicate a downwards...
by Lara | Feb 14, 2017 | US Oil
Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the...
by Lara | Feb 6, 2017 | US Oil |
Price continues to consolidate for US Oil. On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would...
by Lara | Jan 31, 2017 | Public Analysis, US Oil |
Price has moved sideways for the week. A new Elliott wave count fits sideways movement. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 55.60. A new low below 50.91 would indicate a downwards breakout, and the target would...
by Lara | Jan 23, 2017 | US Oil |
Price has moved slightly higher for the week with a slightly higher high and a slightly higher low from the prior week. The Elliott wave count remains the same. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below...
by Lara | Jan 16, 2017 | US Oil
Price has moved overall lower as last week’s Elliott wave and technical analysis expected. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below 49.96 would add confidence that price has turned downwards. Expect...
by Lara | Jan 9, 2017 | Public Analysis, US Oil |
The target for upwards movement to end was at 58.05. It has not been met. The Elliott wave count remains the same. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below 49.96 would add confidence that price has turned...
by Lara | Dec 24, 2016 | US Oil |
Upwards movement is continuing as expected. Summary: The target for upwards movement to end is still about 58.05. Use the yellow trend channel on the daily chart; when a full daily candlestick prints below the lower edge and without touching it, then expect Oil has...
