Tag Archives: elliottwave analysis

US OIL: Elliott Wave and Technical Analysis | Charts – February 15, 2019

The week was expected to begin with a little downwards movement to a target at 50.91 to 50.82. The week did begin with a little downwards movement, finding a low at 51.24, 0.33 short of the target zone.

An update for members intra-week, on the 13th of February, indicated a low was likely in place. Thereafter, price has moved higher to end the week.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – February 15, 2019

US OIL: Elliott Wave and Technical Analysis | Charts – January 25, 2019

About a target at 55.02 to 55.56 a pullback or sideways consolidation was expected this week. Price moved slightly higher to 54.32, falling 0.70 short of the target, and then has moved mostly sideways for the week.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – January 25, 2019