by Lara | Nov 7, 2018 | Gold |
A little downwards movement within a consolidation was expected to continue for Wednesday. So far price is behaving as expected this week. The breakout direction is still expected to be the same. Summary: A multi-week consolidation may continue, which may not move...
by Lara | Nov 3, 2018 | US Oil |
More downwards movement was expected as most likely for this week. The target at 63.60 was met and so far has been slightly passed. Summary: The larger trend for Oil is up. Pullbacks offer opportunities to join the trend. The current pullback may be complete here or...
by Lara | Oct 26, 2018 | US Oil |
More downwards movement below 66.86 invalidated one of the two remaining daily Elliott wave counts. At the end of this week, two versions of the remaining Elliott wave count are provided. Summary: While price remains within the narrow channel on the daily charts,...
by Lara | Oct 20, 2018 | US Oil |
Sideways and slightly lower movement was expected for the week as a pullback unfolds. Price has moved lower, more than anticipated, but it remains well within the allowable limits for this pullback. Both Elliott wave counts remain valid. This week volume analysis is...
by Lara | Oct 15, 2018 | Gold |
Upwards movement has continued, which was allowed for in the main Elliott wave count. Volume and candlestick analysis are used today to indicate the most likely short term Elliott wave count. Summary: Upwards movement today has substantially weaker volume and a long...
by Lara | Oct 12, 2018 | US Oil
Downwards movement was expected for the last week, which is exactly what has happened for US Oil. Both Elliott wave counts remain valid. Summary: Sideways and slightly lower movement is expected for next week. Thereafter, the upwards trend should resume with strength....
by Lara | Oct 5, 2018 | US Oil
This week a candlestick pattern indicates the most likely direction for next week. How far this next wave moves may indicate which Elliott wave count is most likely. Summary: A pullback now to either 72.45 or (more likely) 70.31 looks likely. A new low below 66.86...
by Lara | Oct 4, 2018 | Gold |
Price remains within a consolidation zone. On Balance Volume still has not given a signal. Summary: Price is range bound with resistance about 1,220 and support about 1,185. It is an upwards day now that has the strongest volume within the consolidation, suggesting an...
by Lara | Sep 29, 2018 | US Oil |
More upwards movement was expected for the last week. The short term target was at 73.82. Price did move higher to reach 73.72 so far. Summary: A multi month consolidation may come to an end in the next one to three weeks. If price turns and moves lower for a final...
