by Lara | Dec 6, 2019 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – December 6, 2019 The first daily chart expected an Elliott wave triangle may be unfolding. It is possible now that the structure may be complete. A breakout may happen next week. Summary: The triangle may be...
by Lara | Dec 19, 2017 | US Oil |
Another sideways week sees a classic symmetrical triangle forming. Volume analysis is used to indicate the most likely breakout direction, and the triangle is used to calculate a target. Summary: The target for upwards movement to end is 61.42. There has been some...
by Lara | Dec 13, 2017 | US Oil |
Another sideways week remains within the Elliott channel and above the invalidation point. Summary: The target has been recalculated. Now the target for upwards movement to end is 59.65 to 61.42. There has been some weakness, and that continues, and indicators are...
by Lara | Dec 5, 2017 | US Oil
Price has moved sideways, remaining within the Elliott wave channel and above the invalidation point. Summary: The target for upwards movement to end is a zone at 61.42 to 62.11. There is some weakness now and indicators are extreme; look out for this upwards trend to...
by Lara | Nov 27, 2017 | US Oil |
Price continues to rise towards the target zone as expected. The target remains the same. This week’s classic analysis is used to judge whether or not recent movement could be over. Summary: The target for upwards movement to end is a zone at 61.42 to 62.11....
by Lara | Nov 21, 2017 | US Oil
Last analysis expected upwards movement, which is exactly what has happened over the last week. The Elliott wave target remains the same. Summary: As long as price remains above 54.84, then expect this consolidation may be over here or very soon. The target for...
by Lara | Nov 14, 2017 | US Oil
Last analysis expected a sideways consolidation to last about eight sessions. Price has moved sideways and lower for the last four sessions. Summary: As long as price remains above 52.86, then expect this consolidation may be over here or very soon. The target for...
by Lara | Oct 30, 2017 | US Oil |
A classic upwards breakout was seen two days ago. The main Elliott wave count is changed. The alternate Elliott wave count remains the same. Summary: Look for upwards movement to continue now until about 61.42. For the very short term, look for price to curve back...
by Lara | Oct 23, 2017 | US Oil |
A very small range weekly candlestick has moved price sideways and very slightly higher. Summary: A downwards breakout is still expected. Expect resistance about 52.90 and support about 49.10. The target for the next wave down is at 15.38 or 13.00. This target is some...