US OIL Elliott Wave Technical Analysis – 19th December, 2017

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...

US OIL Elliott Wave Technical Analysis – 13th December, 2017

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...

US OIL Elliott Wave Technical Analysis – 5th December, 2017

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...

US OIL Elliott Wave Technical Analysis – 21st November, 2017

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...

US OIL Elliott Wave Technical Analysis – 14th November, 2017

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...

US OIL Elliott Wave Technical Analysis – 30th October, 2017

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...

US OIL Elliott Wave Technical Analysis – 23rd October, 2017

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...