by Lara | May 4, 2018 | US Oil
A new high on Friday for US Oil shifts the probabilities of the three daily Elliott wave counts. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. The preferred Elliott wave...
by Lara | Apr 28, 2018 | US Oil |
A small inside week closing as a doji saw only sideways movement from Oil. This leaves the analysis the same. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. At this stage,...
by Lara | Apr 21, 2018 | US Oil
The new Elliott wave count is bullish. A short term pullback was expected, but price moved lower only slightly and briefly before making new highs. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an...
by Lara | Apr 14, 2018 | US Oil
A new high above 66.65 has substantially reduced the probability of the main Elliott wave count and increased the probability of the alternate. This week the two wave counts should be swapped over. Summary: The probability that Oil is in a huge new bull market looks...
by Lara | Apr 7, 2018 | US Oil |
Downwards movement continued this week exactly as expected. Summary: The target for a new low remains at 13.39. A new low on the way down, below 55.24, would add substantial confidence in a bearish outlook. At least for the short term classic technical analysis...
by Lara | Apr 1, 2018 | US Oil
A turn was expected. Price has remained just below the invalidation point and printed a red weekly candlestick. Summary: Price must continue lower here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish...
by Lara | Mar 24, 2018 | US Oil
A bounce was expected to continue, with the target at 65.05. So far price has reached up to 65.99. Summary: Price must turn here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish wave count and increase...
by Lara | Mar 17, 2018 | US Oil
Another small range week, this time an inside week, does not change the Elliott wave analysis. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at this stage would be very bullish. In the short term, still look for a...
by Lara | Mar 10, 2018 | US Oil
A small bounce was expected before the continuation of a downwards trend. Price has moved slightly lower for the week, but with a very small real body mostly price moved sideways. The outlook remains the same. Summary: The outlook will remain bearish while price...
