by Lara | Dec 20, 2016 | US Oil |
Another small consolidation unfolded as expected finding support at the trend line on the daily Elliott wave chart. Thereafter, upwards movement has continued as expected. Summary: The target for upwards movement to end is still about 58.05. Another small...
by Lara | Dec 14, 2016 | US Oil |
Upwards movement has continued as expected from last Elliott wave analysis. The small consolidation also unfolded as expected and remained above the invalidation point at 46.57. Summary: The target for upwards movement to end is still about 58.05. Another small...
by Lara | Dec 6, 2016 | US Oil |
Last analysis was invalidated by upwards movement, which was unexpected. Summary: After a small consolidation, which should remain above 49.19, more upwards movement is expected. The target for it to end is about 58.05. New updates to this analysis are in bold....
by Lara | Nov 28, 2016 | US Oil |
Last analysis expected downwards movement. Price has moved overall lower for the week. Summary: Overall, the mid term trend for Oil still looks to be down. A second wave correction is likely to have ended four sessions ago. Downwards movement should show an increase...
by Lara | Nov 22, 2016 | US Oil |
Last analysis expected an upwards correction was not over. Price has overall moved higher but remains below the invalidation point. Summary: A second wave correction may be over here or very soon. If it continues higher, price should find resistance about 49.25. The...
by Lara | Nov 15, 2016 | US Oil |
The Elliott wave count remains the same. Classic technical analysis is used to determine if current upwards movement is a new trend or a correction. Summary: At this stage, upwards movement looks like a deeper correction within a downwards trend. The correction is not...
by Lara | Nov 8, 2016 | US Oil |
Again, downwards movement continues as expected. The target and minimum requirement remain the same based on Elliott wave structure. Summary: The target for the next wave down is at 19.28. Downwards movement is supported by volume. In the short term, oversold...
by Lara | Nov 1, 2016 | US Oil |
Last week the US Oil Elliott wave and classic technical analyses were in agreement that there had been a trend change for Oil. Downwards movement was expected. This is what happened. Summary: The target for the next wave down is at 19.28. Downwards movement is...
by Lara | Oct 25, 2016 | US Oil |
Last analysis was down to only one Elliott wave count as the structure became clearer. A short term target for a little more upwards movement was at 53.30. Price has reached so far up to 51.93. Summary: A trend change may have occurred for Oil four days ago. The...
