by Lara | Sep 19, 2017 | US Oil |
A new high above 49.42 has invalidated last week’s Elliott wave analysis. Two new Elliott wave counts are considered this week. Summary: Oil may continue to rise for the short to mid term. The target is now, at minimum, above 52.37. 53.20 is also possible. Use...
by Lara | Sep 13, 2017 | Public Analysis, US Oil |
Downwards movement was expected. Over the last week price has made a lower low and a lower high, but the weekly candlestick so far is green with continued deep bounces. Summary: The bigger picture for Oil remains bearish. Each time price comes up to touch, or gets...
by Lara | Sep 5, 2017 | US Oil
Price continues to find resistance at the wide channel on the monthly and weekly charts. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one trade. In the...
by Lara | Aug 21, 2017 | US Oil
A new low below 46.86 invalidated the main Elliott wave count and provided confidence in the alternate. Summary: Expect a new strong wave down has begun. Target 34.34. Stops may be set just above the invalidation point at 50.22. Invest only 1-5% of equity on any one...
by Lara | Aug 14, 2017 | US Oil |
More upwards movement was expected for Oil for the week. This is not what happened. A pullback remains just above the invalidation point on the main Elliott wave count. Summary: While price remains above 46.86, it looks most likely that Oil may continue higher to...
by Lara | Jul 31, 2017 | US Oil |
Upwards movement for the last week for US Oil was not expected and has breached an important trend line. The Elliott wave count this week is changed. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart; if that...
by Lara | Jul 25, 2017 | US Oil |
A target for the bounce to end was given in last analysis at 47.96 to 48.91. Price reached up to 47.74, just 0.22 short of the target. Summary: The bounce now looks likely to be over. This is supported by short term volume and divergence with volatility. If the orange...
by Lara | Jul 17, 2017 | US Oil |
After last published analysis for Oil, another update was posted in comments the following day that expected that the bounce was not over. Price has moved higher since then. Summary: A new target for the bounce to end is at 47.96 to 48.91. If price comes up to touch...
by Lara | Jul 11, 2017 | US Oil |
After the strong downwards session of the 5th of July, there was an update to technical analysis posted in comments of the last published post for US Oil which expected the bounce was most likely over. Price has moved down from there as expected so far. Summary:...