by Lara | Jul 30, 2018 | Gold |
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...
by Lara | Jul 21, 2018 | US Oil |
Again, downwards movement was expected for the week, which is what has happened. Summary: This downwards swing may now continue to about 61.22. For the very short term, look out for a bounce to end about 72.12. A deeper and longer lasting consolidation may be...
by Lara | Jul 12, 2018 | Gold |
A little more downwards movement towards the Elliott wave target at 1,238 was expected. Price did make a slight new low, but fell short of the target by $3.40. Thereafter, a breach of the channel on the hourly chart indicated a low was likely in place for the short...
by Lara | Jul 7, 2018 | US Oil
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...
by Lara | Jun 30, 2018 | US Oil
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,...
by Lara | May 30, 2018 | Gold |
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...
by Lara | May 11, 2018 | US Oil
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...
by Lara | May 4, 2018 | US Oil
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...
by Lara | Apr 28, 2018 | US Oil |
A small inside week closing as a doji saw only sideways movement from Oil. This leaves the analysis the same. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. At this stage,...
