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 →

Some downwards movement was expected for this week. After a very slight new high on Monday, this is how the week unfolded.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – February 8, 2019 →

For the short term, sideways movement was expected to continue for this week. An outside week mostly fits this expectation.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – February 1st, 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 →

For this last week a bounce was expected to continue. This is exactly what has happened. The final target remains the same and has not yet been met.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – January 18, 2019 →

A bounce or sideways correction was expected to continue for the last week. An upwards week exactly fits this expectation. The target remains the same.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – January 11, 2019 →

Last week’s end of week US Oil analysis expected a bounce or sideways consolidation had begun. An upwards week this week fits this expectation perfectly.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – January 4, 2019 →

Last end of week analysis for US Oil expected more downwards movement towards a target at 42.10. Downwards movement continued to 42.37, just 0.27 short of the Elliott wave target.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – December 28, 2018 →