by Lara | Feb 23, 2017 | Silver
Last week expected a pullback for Silver. Price has so far for the week moved sideways, with a lower high and a lower low. Summary: A deeper pullback is possible here. If price breaks below the lower edge of the base channel on the alternate daily chart, then expect a...
by Lara | Feb 21, 2017 | Gold |
Gold is still range bound. Classic analysis, with a heavy reliance on volume analysis, is used to determine probability of the main versus alternate Elliott wave counts today. Summary: Gold has now been range bound for nine sessions. Resistance is at 1,245 and support...
by Lara | Feb 20, 2017 | US Oil
Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 58.81. A new low below 51.22 would indicate a downwards...
by Lara | Feb 16, 2017 | Silver |
Last week again expected upwards movement for Silver, which is again what has happened. Summary: Look for support for a pullback here at the lower edge of the blue base channel on the daily chart. If price again comes down to touch that line, use it as an opportunity...
by Lara | Feb 14, 2017 | US Oil
Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the...
by Lara | Feb 11, 2017 | Gold |
Friday’s session moved price lower as expected. A strong bounce has found resistance right at the lower edge of a trend channel. This also was expected as reasonably likely behaviour from price. Summary: Probability has shifted back to a deep pullback beginning...
by Lara | Feb 8, 2017 | Silver |
Last week expected that upwards movement would continue for Silver. This is exactly what has happened. Summary: The target for upwards movement is at 18.33. New updates to this analysis are in bold. Last monthly chart is here. ELLIOTT WAVE COUNT WEEKLY CHART Click...
by Lara | Feb 6, 2017 | US Oil |
Price continues to consolidate for US Oil. On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would...
by Lara | Feb 6, 2017 | Gold |
Another upwards day fits the second hourly Elliott wave count. Price is now just above the target range, which was 1,219.11 to 1,233.43. Summary: If we expect the most common scenario to unfold, then we should be right more often than wrong. We will still be wrong...
