by Lara | Jul 26, 2019 | US Oil
Downwards movement with a possible small bounce for a second wave was expected for the week. A small inside week fits the expectation for a small bounce. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum,...
by Lara | Jul 19, 2019 | US Oil
A bounce was expected to end very early within the week in the target zone from 60.53 to 61.74. No more upwards movement was seen. Price has turned within this target zone. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an...
by Lara | Jul 12, 2019 | US Oil |
Upwards movement for the week was expected to a target zone at 60.53 to 61.74. The high for the week at 60.93 fits this expectation exactly. Summary: The bounce may end now very early next week within the target zone from 60.53 to 61.74. If price comes up to touch the...
by Lara | Jul 5, 2019 | US Oil
Some sideways or downwards movement was expected for the week. An outside week closes red, meeting expectations overall. Summary: The bounce may end now next week or possibly the week after at a target zone from 60.53 to 61.74. If price comes up to touch the upper...
by Lara | Jun 29, 2019 | US Oil |
Last week’s summary expected price to continue overall higher towards 60.53. The high for the week is at 59.93. Summary: Some sideways or downwards movement may unfold next week for a B wave. Thereafter, an upwards movement may end if price comes up to reach the...
by Lara | Jun 22, 2019 | US Oil
A sideways consolidation was expected for the week. Price has moved higher than expected, but it remains below the Elliott wave invalidation point. Summary: This bounce may either be over here or may continue higher towards 60.53. Final resistance may be found at the...
by Lara | Jun 14, 2019 | US Oil |
A relatively shallow bounce was expected to continue this week. A slightly higher high and a slightly higher low overall fits this expectation. Summary: A sideways consolidation for a fourth wave may continue next week. It may find resistance about the upper edge of...
by Lara | Jun 8, 2019 | US Oil
Downwards movement was expected to continue for the week, which is exactly what has happened. The Elliott wave structure is used to indicate when and where bounces may occur. Candlestick patterns and volume are used to guide the Elliott wave count. Summary: A...
by Lara | Jun 1, 2019 | US Oil
A small bounce to about 61.33 was expected to begin the week, and thereafter downwards movement was expected to continue and to show an increase in momentum. The bounce was more shallow than expected, reaching only to 59.69, but strong downwards movement fits the...
