by Lara | Nov 17, 2018 | US Oil |
It was expected that while price remained within a channel drawn on the daily chart that price would continue to fall. A new low below 55.24 was a very bearish signal. Summary: Oil is in a downwards trend. A new low now below 51.67 would be another very strong bearish...
by Lara | Nov 14, 2018 | US Oil |
The Elliott wave count has been invalidated. Two new Elliott wave counts are considered. Summary: Oil is in a downwards trend. A new low now below 51.67 would be another very strong bearish signal. If that happens, then the probability that Oil may continue to move...
by Lara | Nov 10, 2018 | US Oil |
Price has remained within the small channel all week, so no indication that a low could be in place has been given. Summary: At this stage, the classic technical analysis no longer supports the Elliott wave count. While it is still possible that the Elliott wave count...
by Lara | Nov 3, 2018 | US Oil |
More downwards movement was expected as most likely for this week. The target at 63.60 was met and so far has been slightly passed. Summary: The larger trend for Oil is up. Pullbacks offer opportunities to join the trend. The current pullback may be complete here or...
by Lara | Oct 26, 2018 | US Oil |
More downwards movement below 66.86 invalidated one of the two remaining daily Elliott wave counts. At the end of this week, two versions of the remaining Elliott wave count are provided. Summary: While price remains within the narrow channel on the daily charts,...
by Lara | Oct 20, 2018 | US Oil |
Sideways and slightly lower movement was expected for the week as a pullback unfolds. Price has moved lower, more than anticipated, but it remains well within the allowable limits for this pullback. Both Elliott wave counts remain valid. This week volume analysis is...
by Lara | Oct 12, 2018 | US Oil
Downwards movement was expected for the last week, which is exactly what has happened for US Oil. Both Elliott wave counts remain valid. Summary: Sideways and slightly lower movement is expected for next week. Thereafter, the upwards trend should resume with strength....
by Lara | Oct 5, 2018 | US Oil
This week a candlestick pattern indicates the most likely direction for next week. How far this next wave moves may indicate which Elliott wave count is most likely. Summary: A pullback now to either 72.45 or (more likely) 70.31 looks likely. A new low below 66.86...
by Lara | Sep 29, 2018 | US Oil |
More upwards movement was expected for the last week. The short term target was at 73.82. Price did move higher to reach 73.72 so far. Summary: A multi month consolidation may come to an end in the next one to three weeks. If price turns and moves lower for a final...
