by Lara | Apr 12, 2017 | US Oil |
Again, last week expected downwards movement from US Oil but price continues higher. The main Elliott wave count was invalidated leaving only one wave count now, which was last week’s alternate. Summary: Use the small best fit channel on the daily Elliott wave...
by Lara | Apr 11, 2017 | Gold, Gold Historical |
A classic upwards breakout has unfolded as expected. In last analysis members were advised to enter a hedge or just enter long. With stops for long positions just below 1,240.24 or 1,221 (depending on trading strategy), members should now have profitable long...
by Lara | Apr 5, 2017 | Silver
A pullback was expected for Silver. Price continued higher with a small sideways movement during the week. Summary: Watch On Balance Volume carefully for a signal. Silver may have completed a small consolidation; it may not show a deeper pullback now. Silver is in an...
by Lara | Apr 4, 2017 | US Oil |
Price has moved higher over the last few days. Summary: Upwards movement looks like a counter trend movement and it looks reasonably likely to end here or very soon indeed. If members choose to enter short positions, stops should technically be set just above 55.03....
by Lara | Mar 30, 2017 | Silver
Last week expected a pullback to begin for Silver either at the high for the 23rd of March, or very soon. This is not what has happened. Price has continued to move higher. Summary: Identifying when a pullback is going to begin for Silver has proven to be very...
by Lara | Mar 28, 2017 | US Oil |
Price is now moving sideways again. Some strategies for traders are outlined today. Summary: Oil looks to have entered a new consolidation. Wait for it to develop further. The breakout will be expected to be downwards but not yet. New updates to this analysis are in...
by Lara | Mar 27, 2017 | Gold |
Downwards movement was expected to start the new trading week, but this is not what happened. Summary: Resistance on On Balance Volume and the 200 day moving average may be enough to turn price here down. In the short term, a new low below 1,252.75 would add a little...
by Lara | Mar 25, 2017 | Gold |
Downwards movement for a pullback was expected for Friday’s session. A lower low and a lower high is the definition of downwards movement, and this is what was seen for Friday. Summary: Another pullback looks most likely to be underway. The target is now about...
by Lara | Mar 24, 2017 | Silver |
Last week expected a pullback to begin for Silver. Price has edged up slowly all week. Summary: Look out for a small pullback here or very soon for Silver. This may present a good opportunity to join a new upwards trend. If it is deep, look for strong support at the...
