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GOLD Elliott Wave Technical Analysis – 30th July, 2018

The main Elliott wave count expected upwards movement. A small upwards day fits this expectation. Price remains above the invalidation point and within a small consolidation zone. Summary: A new high now above 1,234.76 would add reasonable confidence that a low is in...

US OIL Elliott Wave Technical Analysis – 6th July, 2018

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...

US OIL Elliott Wave Technical Analysis – 29th June, 2018

Last week’s analysis expected an upwards swing to continue at least for the short term, which could make a new high above 72.90. Price has moved higher to reach 74.46 for the week. Summary: For the short term, while there is no candlestick reversal pattern,...

GOLD Elliott Wave Technical Analysis – 30th May, 2018

Yesterday’s signal from On Balance Volume that caused concern for the main Elliott wave count is now negated. The main Elliott wave count has support from classic technical analysis. Summary: The target is now 1,411. Triple bullish divergence between price and...

US OIL Elliott Wave Technical Analysis – 11th May, 2018

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...

US OIL Elliott Wave Technical Analysis – 4th May, 2018

A new high on Friday for US Oil shifts the probabilities of the three daily Elliott wave counts. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. The preferred Elliott wave...