US OIL Elliott Wave Technical Analysis – 10th October, 2017

A breach of the channel on the 4th of October on the main daily Elliott wave count indicated a deeper pullback was most likely underway. Thereafter, price has moved lower as the alternate Elliott wave count expected. Summary: Oil may have had a trend change. The next...

US OIL Elliott Wave Technical Analysis – 3rd October, 2017

Last week’s analysis expected more upwards movement from US Oil. Price moved higher, falling a little short of the target, before turning down for a pullback which so far has remained within the channel. Summary: Oil may continue to rise for the short to mid...

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

Price continues to find resistance at the wide channel on the monthly and weekly charts. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. In the...

US OIL Elliott Wave Technical Analysis – 29th August, 2017

Last week’s analysis expected more downwards movement. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. Look out for Oil to start falling...

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

A new low below 46.86 invalidated the main Elliott wave count and provided confidence in the alternate. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one...

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

More upwards movement was expected for Oil for the week. This is not what happened. A pullback remains just above the invalidation point on the main Elliott wave count. Summary: While price remains above 46.86, it looks most likely that Oil may continue higher to...