by Lara | May 25, 2019 | US Oil
Downwards movement was expected this week for US Oil, which is exactly what has happened. Summary: A bounce may begin next week to about 61.33. The next wave down may begin thereafter, which may show a further increase in momentum. The final target is now calculated...
by Lara | May 17, 2019 | US Oil
An upwards week sees price remain below the invalidation point. Volume analysis is relied upon heavily this week to indicate the direction for next week. Summary: The next wave down may now begin. The final target is now calculated at 10.72. Further confidence that a...
by Lara | May 10, 2019 | US Oil
Again, price continues lower as the Elliott wave count expected for this week. Summary: The next wave down may have begun. The final target is now calculated at 10.72. Further confidence that a high is in place may be had if price makes a new low below 58.20. MAIN...
by Lara | May 3, 2019 | US Oil
Downwards movement has unfolded for the week as expected. Summary: The next wave down may have begun. The final target is now calculated at 10.72. Further confidence that a high is in place may be had if price makes a new low below 58.20. MAIN ELLIOTT WAVE COUNT...
by Lara | Apr 26, 2019 | US Oil
A little more upwards movement was expected for the week. The weekly candlestick forms an important pattern, and the daily volume profile supports it. Summary: Oil may have now found a high. The next wave down may begin. The final target is now calculated at 10.72....
by Lara | Apr 19, 2019 | US Oil
A very small range week moves price mostly sideways. The Elliott wave count remains the same. Summary: While price remains within the channel on the daily chart, assume the bounce will continue. If the channel is breached by a full daily candlestick below and not...
by Lara | Apr 12, 2019 | US Oil
Again, upwards movement continued to reach 1.01 above the target for the week. Summary: While price remains within the channel on the daily chart, assume the bounce will continue. If the channel is breached by a full daily candlestick below and not touching the lower...
by Lara | Apr 6, 2019 | US Oil
Upwards movement continued as expected for the week and has almost reached the target. The Elliott wave structure is almost complete. Summary: While price remains within the channel on the daily chart, assume the bounce will continue. The target remains at 63.71. If...
by Lara | Mar 29, 2019 | US Oil
Last week’s analysis expected a bounce to continue for US Oil. An outside week closes green and price remains within the channel on the daily chart. Summary: While price remains within the channel on the daily chart, assume the bounce will continue. The target...
