by Lara | Sep 21, 2018 | US Oil
Upwards movement for the week has unfolded exactly as expected. Both Elliott wave counts at the daily chart level remain valid. The larger picture at the weekly and monthly chart level remains the same. Summary: The Elliott wave structure for intermediate wave (4)...
by Lara | Sep 14, 2018 | US Oil
On Balance Volume gives a weak signal this week that slightly favours one Elliott wave count over the other. Overall, the larger trend remains the same. Summary: The Elliott wave structure for intermediate wave (4) does not look complete. It may continue sideways now...
by Lara | Sep 8, 2018 | US Oil
Price has continued to move overall sideways for several weeks, which is exactly what the Elliott wave count expected for the bigger picture. Two Elliott wave counts remain at the daily chart level. They both expect the same direction next. Summary: The Elliott wave...
by Lara | Sep 1, 2018 | US Oil
Last week’s analysis expected an upwards week as price swings from support up to resistance. Summary: The Elliott wave structure for intermediate wave (4) does not look complete. It may continue sideways now for another 7 weeks. For the short term, it looks like...
by Lara | Aug 25, 2018 | US Oil
A little more downwards movement was expected for the week but did not happen. Price remains within a consolidation zone. Summary: The Elliott wave structure for intermediate wave (4) does not look complete. It may continue sideways now for another 8 weeks. The larger...
by Lara | Aug 17, 2018 | US Oil
Downwards movement was expected for the last week, which is exactly what has happened. Summary: This consolidation may end next week. It should remain above 55.24. The target is about 61.22 to 61.12. After one more low below 64.22, look for a candlestick reversal...
by Lara | Aug 11, 2018 | US Oil
Overall, a downwards swing was expected, with a small bounce to about 61.22 expected first. The bounce did not happen. Downwards movement has continued. Summary: A deeper and longer lasting consolidation looks to be underway, which may last about 13 to 21 weeks in...
by Lara | Aug 4, 2018 | US Oil
A bounce was expected for the very short term. An outside week closes as a doji. Price mostly moved sideways. Summary: This downwards swing may now continue to about 61.22. For the very short term, look out for a bounce to end at least above 70.17, and possibly about...
by Lara | Jul 28, 2018 | US Oil
For the short term, a little upwards movement was expected for the week. An inside week closes green with a very small range, mostly fitting expectations. Summary: This downwards swing may now continue to about 61.22. For the very short term, look out for a bounce to...
