by Lara | Dec 13, 2017 | US Oil |
Another sideways week remains within the Elliott channel and above the invalidation point. Summary: The target has been recalculated. Now the target for upwards movement to end is 59.65 to 61.42. There has been some weakness, and that continues, and indicators are...
by Lara | Nov 14, 2017 | US Oil
Last analysis expected a sideways consolidation to last about eight sessions. Price has moved sideways and lower for the last four sessions. Summary: As long as price remains above 52.86, then expect this consolidation may be over here or very soon. The target for...
by Lara | Nov 7, 2017 | US Oil
The main Elliott wave count expected more upwards movement. Price is above 55.24, so the main Elliott wave count is the sole wave count left. The target has not yet been met. Summary: A sideways consolidation about here may develop, which may last about 8 sessions....
by Lara | Oct 30, 2017 | US Oil |
A classic upwards breakout was seen two days ago. The main Elliott wave count is changed. The alternate Elliott wave count remains the same. Summary: Look for upwards movement to continue now until about 61.42. For the very short term, look for price to curve back...
by Lara | Oct 23, 2017 | US Oil |
A very small range weekly candlestick has moved price sideways and very slightly higher. Summary: A downwards breakout is still expected. Expect resistance about 52.90 and support about 49.10. The target for the next wave down is at 15.38 or 13.00. This target is some...
by Lara | Oct 10, 2017 | US Oil |
A breach of the channel on the 4th of October on the main daily Elliott wave count indicated a deeper pullback was most likely underway. Thereafter, price has moved lower as the alternate Elliott wave count expected. Summary: Oil may have had a trend change. The next...
by Lara | Sep 26, 2017 | US Oil |
Last week’s analysis expected Oil to continue to rise for the short to mid term. Summary: Oil may continue to rise for the short to mid term. The target is now 53.20 for the short term. Use the blue channel on the main daily Elliott wave chart. Expect upwards...
by Lara | Sep 19, 2017 | US Oil |
A new high above 49.42 has invalidated last week’s Elliott wave analysis. Two new Elliott wave counts are considered this week. Summary: Oil may continue to rise for the short to mid term. The target is now, at minimum, above 52.37. 53.20 is also possible. Use...
by Lara | Sep 5, 2017 | US Oil
Price continues to find resistance at the wide channel on the monthly and weekly charts. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. In the...