by Lara | Jul 14, 2018 | US Oil |
Downwards movement was expected for the week for US Oil, and this is exactly what has happened. Summary: This downwards swing may now continue to about 61.22. A deeper and longer lasting consolidation may be underway, which may last about 13 to 21 weeks in total. It...
by Lara | Jul 7, 2018 | US Oil
Sideways movement with one slight new high fits expectations for the week. A new high above 74.96 to 75.26 has invalidated the alternate Elliott wave count, providing more confidence now in the main Elliott wave count. Summary: Now expect the upwards swing has ended...
by Lara | Jun 23, 2018 | US Oil
Last analysis expected that US Oil had entered a large consolidation, with support about 61.0 and resistance about 72.5 to 73.0. Price remains within this zone, beginning now to swing up to resistance. Summary: A deeper and longer lasting consolidation may have begun,...
by Lara | Jun 16, 2018 | US Oil
For the short term, some upwards movement was expected for US Oil. Although Friday ended with very strong downwards movement, the week made a higher high and a higher low. Summary: A deeper and longer lasting consolidation may have begun, which may last about 13 to 21...
by Lara | Jun 9, 2018 | US Oil
Last week’s analysis expected that US Oil had begun a deeper and longer lasting consolidation. A downwards week with a lower low and a lower high fits this expectation. Summary: A deeper and longer lasting consolidation may have begun, which may last about 13 to...
by Lara | Jun 2, 2018 | US Oil
The pullback has reached the lilac trend line where it was expected to find support. Summary: A deeper and longer lasting consolidation may have begun, which may last about 13 to 21 weeks in total. It should remain above 55.24, and the target is about 61.12. The...
by Lara | May 26, 2018 | US Oil |
Last week’s analysis expected an upwards trend in place, and suggested pullbacks are an opportunity to join the trend. Summary: This pullback may find support at the lilac trend line on the weekly and daily charts. If it does not end there, then the target would...
by Lara | May 18, 2018 | US Oil
Last analysis expected more upwards movement for the week, which is what has happened. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. The mid term target is now at 97.92....
by Lara | May 11, 2018 | US Oil
Upwards movement continues as the second Elliott wave count expected. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. The mid term target is now at 97.92. A longer term...
