by Lara | Feb 8, 2016 | US Oil, US Oil Historical |
Last week expected downwards movement from Oil. Price came back up to touch the trend line and then has overall moved lower. Summary: A fifth wave may be extending, and it may be strong as is typical for commodities. If targets are wrong, they may not be low enough....
by Lara | Jan 24, 2016 | US Oil, US Oil Historical |
Upwards movement has breached the cyan line which was providing resistance on the last updated US Oil daily chart. This indicates a trend change. Summary: A correction for minor 4 looks to have arrived and at this early stage it is most likely to be a quick sharp...
by Lara | Jan 4, 2016 | US Oil, US Oil Historical |
The Elliott wave count remains the same. There is still only one Elliott wave count for US Oil. Summary: A fifth wave down to end a third wave may have begun. For confidence in this idea, price needs to break below the upwards sloping cyan trend line on the classic...
by Lara | Dec 14, 2015 | US Oil, US Oil Historical |
The structure is becoming a little clearer. There is only one daily Elliott wave count this week. Summary: The trend is down and corrections present an opportunity to join the trend. Currently, a little more upwards movement is indicated for another one or two days to...
by Lara | Dec 8, 2015 | US Oil |
An update to last analysis expected downwards movement to a target at 38.33. Price moved lower to reach 37.50 so far. Summary: A diagonal structure may have just completed today, this indicates a sharp correction should unfold upwards before the downwards trend...
by Lara | Nov 30, 2015 | US Oil, US Oil Historical |
Upwards movement was expected for the week, which is what happened overall. Summary: Upwards movement is unfolding exactly as expected, as a zigzag. Short term the wave count does not expect a new low below 39.89. Green daily candlesticks are expected for this week to...
by Lara | Nov 24, 2015 | US Oil, US Oil Historical |
Last analysis expected more downwards movement for the week which is what happened. Summary: Upwards movement is expected for the next week to a minimum at 45.65. A new high above 48.36 is possible but unlikely. When a zigzag upwards is complete, then a trend change...
by Lara | Nov 17, 2015 | US Oil, US Oil Historical |
Last analysis expected a third wave down was most likely underway. Further downwards movement fits the Elliott wave count perfectly so far. Summary: A third wave down is most likely still underway. It may unfold as a zigzag as it may be a third wave within a leading...
by Lara | Nov 10, 2015 | US Oil, US Oil Historical |
Some more upwards movement to 48.09 – 49.35 was expected. Thereafter, the main Elliott wave count expected price to turn back down. Price moved higher to reach 48.36 and turned down from there. Summary: A third wave down is most likely underway. It may unfold as...
