by Lara | Aug 16, 2019 | US Oil
Downwards movement has again continued as both Elliott wave counts expected for this week. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation spike. The final target is...
by Lara | Aug 15, 2019 | Gold |
A small range day has not managed to make a new high. Declining ATR and light volume still suggest some consolidation may unfold here. Summary: There is an upwards trend in place that is very extreme. Conditions are overbought. This can continue while price moves a...
by Lara | Aug 9, 2019 | US Oil |
Downwards movement for Oil has unfolded as expected for the week. The alternate Elliott wave count is adjusted slightly. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum, and may end with a capitulation...
by Lara | Aug 2, 2019 | US Oil
Downwards movement was expected for the week. An outside week closes red. This week On Balance Volume gives a reasonable signal at the weekly chart level, and the short-term volume profile supports the main Elliott wave count. Summary: A new mid-term target is now at...
by Lara | Jul 26, 2019 | US Oil
Downwards movement with a possible small bounce for a second wave was expected for the week. A small inside week fits the expectation for a small bounce. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an increase in momentum,...
by Lara | Jul 24, 2019 | Gold |
All three Elliott wave counts remain valid while price remains above 1,346.45. Summary: A sharp reversal and bearish candlestick pattern on the daily chart puts the breakout in some doubt. Both bullish and bearish Elliott wave counts remain valid. The bearish case has...
by Lara | Jul 19, 2019 | US Oil
A bounce was expected to end very early within the week in the target zone from 60.53 to 61.74. No more upwards movement was seen. Price has turned within this target zone. Summary: A new mid-term target is now at 35.25 for a third wave down. This may exhibit an...
by Lara | Jul 12, 2019 | US Oil |
Upwards movement for the week was expected to a target zone at 60.53 to 61.74. The high for the week at 60.93 fits this expectation exactly. Summary: The bounce may end now very early next week within the target zone from 60.53 to 61.74. If price comes up to touch the...
by Lara | Jul 5, 2019 | US Oil
Some sideways or downwards movement was expected for the week. An outside week closes red, meeting expectations overall. Summary: The bounce may end now next week or possibly the week after at a target zone from 60.53 to 61.74. If price comes up to touch the upper...
