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....
by Lara | May 3, 2016 | US Oil |
A new high above 44.49 confirmed more upwards movement. The target remains the same. There is only one Elliott wave count this week for Oil. Summary: Expect that the trend remains the same, up, while price remains within the dark blue channel. The target remains at...
by Lara | Apr 26, 2016 | US Oil |
The Elliott wave count is changed this week. There is a new monthly wave count with a main daily, and an alternate daily Elliott wave count. Summary: A new high above 44.49 would confirm more upwards movement, with a target at 51.09. Volume favours a bullish move...
by Lara | Apr 19, 2016 | US Oil |
Last week’s main Elliott wave count expected upwards movement to end soon and be followed by some downwards movement. This is what has happened so far. Summary: The alternate wave count is invalidated. Only one wave count is left. The target for downwards...
