by Lara | Jul 16, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – July 16, 2021 Friday’s session has reached the lower edge of the Elliott channel on the daily chart. Summary: The main Elliott wave count expects upwards movement to resume to the next target at 110.61...
by Lara | May 28, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – May 28, 2021 Although last week completed a Bearish Engulfing candlestick pattern on the weekly chart, this week has followed with upwards movement. However, volume suggests the main Elliott wave count may...
by Lara | Mar 12, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – March 12, 2021 A target for upwards movement to end for the week was at 68.49. Price reached 67.97, 0.52 short of the target. Summary: A pullback or consolidation may last several weeks. A first target is at...
by Lara | Jan 22, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – January 22, 2021 Downwards movement for the week has found support exactly at the lower edge of the channel on the daily chart. Price remains above the invalidation point. The Elliott wave counts remain the...
by Lara | Dec 4, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – December 4, 2020 Upwards movement has continued this week as the Elliott wave count last week expected. Summary: An upwards trend may continue. Two targets for a third wave are first at 87.90 and thereafter...
by Lara | Oct 16, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – October 16, 2020 Price remains range bound with another sideways week. Summary: Downwards movement may break below support and continue lower. A multi-week pullback is expected to end about 23.05. It is...
by Lara | Aug 28, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – August 28, 2020 Another very small range week has moved price very slightly higher with weak volume. Summary: Oil may have found a major sustainable low. Price may continue slowly higher for a few more weeks...
by Lara | Jul 10, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – July 10, 2020 Another small range week remains below resistance. All three short-term Elliott wave counts remain valid. Summary: Oil may have found a major sustainable low. For the mid term, a multi-week...
by Lara | May 22, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – May 22, 2020 Again, upwards movement continues as expected. A first wave up is nearing completion and should be followed by a multi-week pullback for a second wave. Summary: Oil may have found a major...
