by Lara | Sep 27, 2019 | US Oil |
A consolidation was expected to continue. Price remains range bound. Summary: A consolidation is expected to most likely continue sideways for a few more weeks. Resistance is about 66.59 and support is about 50.53. The breakout is expected to most likely be downwards....
by Lara | Sep 20, 2019 | US Oil
Downwards movement was expected for the week, but a new high above 58.75 indicated a deeper bounce. At that stage, the target was at 74.75. Summary: A consolidation is expected to most likely continue sideways for a few more weeks. Resistance is about 66.59 and...
by Lara | Sep 13, 2019 | US Oil |
Price remained below the short-term invalidation point and within the channel ending the week with strong downwards movement, which was expected. Summary: A mid-term target is at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a...
by Lara | Sep 6, 2019 | US Oil
Again, downwards movement was expected for Oil. An outside week closes green, and price remains below resistance. Summary: A mid-term target is at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation spike. The final...
by Lara | Aug 30, 2019 | US Oil |
Downwards movement was expected for Oil this week. Although the candlestick has closed green, a lower low and a lower high fits the expectation. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end...
by Lara | Aug 23, 2019 | US Oil
A small bounce within the week remained below the invalidation point and within the channel. Thereafter, downwards movement continued as expected. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may...
by Lara | Aug 16, 2019 | US Oil
Downwards movement has again continued as both Elliott wave counts expected for this week. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation spike. The final target is...
by Lara | Aug 9, 2019 | US Oil |
Downwards movement for Oil has unfolded as expected for the week. The alternate Elliott wave count is adjusted slightly. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation...
by Lara | Aug 2, 2019 | US Oil
Downwards movement was expected for the week. An outside week closes red. This week On Balance Volume gives a reasonable signal at the weekly chart level, and the short-term volume profile supports the main Elliott wave count. Summary: A new mid-term target is now at...
