by Lara | Feb 10, 2015 | US Oil, US Oil Historical |
It looks like the third wave is finally over at 43.58, just $0.85 below the final target calculated at 44.43. Summary: I expect choppy overlapping movement for about 28 to 34 weeks in total (another 26 to 32 weeks following the date of this analysis) for a sideways...
by Lara | Jan 8, 2015 | US Oil, US Oil Historical |
This third wave has blitzed all targets so far, and the structure is incomplete. Summary: The next possible point for this to end is about 44.43. A new high above 57.14 would provide price confirmation that the downwards fall is over for the mid term. Click on charts...
by Lara | Dec 12, 2014 | US Oil, US Oil Historical |
Intermediate wave (3) down should continue to 54.05. Summary: A third wave is underway. Corrections are brief and shallow. The new target is at 54.05. Only a clear breach of the pink channel on the daily chart would indicate that the downwards trend is being...
by Lara | Nov 6, 2014 | US Oil |
Again, the target at 79.67 – 78.15 was passed. The structure is still incomplete, although it is very close indeed. Summary: The new target for this wave to end is 74.36. This may be met within a week. Thereafter, I expect to see choppy overlapping upwards...
by Lara | Oct 21, 2014 | US Oil, US Oil Historical |
The target at 84.65 was comfortably passed and the structure is incomplete. Summary: The new target for this wave to end is 79.67 – 78.15, which may be met within one to two weeks. Click on charts to enlarge. The bigger picture sees US Oil in a super cycle...
by Lara | Sep 18, 2014 | US Oil |
Price continued lower as expected, a little. The target of this third wave to end was 85.88. It has likely ended at 90.43, $4.55 short of the target. Summary: In the short term I expect a final fifth wave down to complete minor wave 1. The target is 84.65 which may be...
by Lara | Aug 27, 2014 | US Oil |
Price continued lower, but this is not what was expected from last Elliott wave analysis. I had expected to see a second wave correction. Summary: The target remains at 74.53. This target may be 13 weeks away. Click on charts to enlarge. The structure of minor wave 1...
by Lara | Aug 12, 2014 | US Oil, US Oil Historical |
Downwards movement has continued as expected. The wave count remains the same. Summary: The target remains at 74.53. This target may be 13 weeks away. Click on charts to enlarge. Upwards movement has hit the upper teal trend line. Since price bounced down from that...
