by Lara | Jan 19, 2019 | US Oil
For this last week a bounce was expected to continue. This is exactly what has happened. The final target remains the same and has not yet been met. Summary: A bounce is expected to continue. A short-term target is at 55.02 to 55.56. At this target a pullback or...
by Lara | Jan 11, 2019 | US Oil
A bounce or sideways correction was expected to continue for the last week. An upwards week exactly fits this expectation. The target remains the same. Summary: A bounce is expected to continue. The target is about 63.71. The larger picture still sees Oil in a new...
by Lara | Jan 4, 2019 | US Oil |
Last week’s end of week US Oil analysis expected a bounce or sideways consolidation had begun. An upwards week this week fits this expectation perfectly. Summary: A bounce or sideways consolidation for a few weeks is now expected to continue. The target is about...
by Lara | Dec 28, 2018 | US Oil |
Last end of week analysis for US Oil expected more downwards movement towards a target at 42.10. Downwards movement continued to 42.37, just 0.27 short of the Elliott wave target. Summary: A bounce or sideways consolidation for a few weeks is now expected. The target...
by Lara | Dec 21, 2018 | US Oil |
An intra-week update gave a new target for more downwards movement. Price has continued to move lower towards the target. Summary: Intermediate wave (1) has proven to be incomplete. The new target for it to end at is 42.10. Use the best fit channel on the daily chart....
by Lara | Dec 14, 2018 | US Oil |
A correction for a second wave on the Elliott wave count was expected to have begun. So far this is starting out with some sideways movement, which still fits the overall expectation. Summary: Intermediate wave (2) may last about 5 to 13 weeks and may be very deep...
by Lara | Dec 7, 2018 | US Oil |
Members were advised in last analysis to expect a low in place when the channel on the daily chart was breached. This happened on the 4th of December. Summary: A breach of the narrow channel on the daily chart in last analysis indicated an end to intermediate wave (1)...
by Lara | Dec 1, 2018 | US Oil
Downwards movement has continued for the week as expected. The target remains the same. Summary: Oil is in a downwards trend. The probability that Oil may continue to move reasonably below 26.06 has increased. Trends do not move in straight lines. There will be...
by Lara | Nov 23, 2018 | US Oil
A new low below 51.67 has invalidated the alternate bullish Elliott wave count, adding confidence to the main bearish Elliott wave count. The short-term target remains the same. Summary: Oil is in a downwards trend. The probability that Oil may continue to move...
