US OIL Elliott Wave Technical Analysis – 11th February, 2014

Although upwards movement remains below the invalidation point so far I do not think it is over. This upwards movement is part of a second wave correction one degree higher than I had previously expected. Overall I am expecting a continuation of upwards movement for a...

US OIL Elliott Wave Technical Analysis – 4th February, 2014

Last analysis of US Oil expected that upwards movement was over for now and that downwards movement should resume. Price has moved slightly higher before turning lower. Price remains below the invalidation point. Click on the charts below to enlarge. Minor wave 3 has...

US OIL Elliott Wave Technical Analysis – 28th January, 2014

Last analysis of US Oil on 17th December, 2013 expected more upwards movement towards a target at 103.21 to 104.42. Price moved higher as expected, but fell short of the target reaching only to 100.76. The wave count remains the same. Click on the charts below to...