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...

US OIL Elliott Wave Technical Analysis – 4th September, 2013

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...