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 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 22, 2017 | US Oil
A small correction unfolded over the last week as expected. Summary: The target for downwards movement to end is minimum 28.61, with 25.59 reasonably likely. Move stops to either just above the swing high of the 16th of March (check your broker data for the exact...
by Lara | Mar 13, 2017 | US Oil |
Last weekly analysis expected a violent downwards breakout as likely. This is exactly what happened. Alternate wave counts are now invalidated. Summary: The target for downwards movement to end is minimum 28.61, with 25.59 reasonably likely. New updates to this...
by Lara | Mar 7, 2017 | US Oil |
The classic technical analysis picture has changed this week for US Oil. On Balance Volume is now giving a strong signal as to which direction price may break out. Price has been consolidating now for about twelve weeks. There will be a breakout and it may come soon....
by Lara | Feb 27, 2017 | US Oil |
This consolidation has now lasted for about 12 weeks. The breakout should come soon now. Volume and On Balance Volume are giving strong signals as to which direction the breakout is most likely to be. Members are offered some advice on how to approach this market this...
by Lara | Feb 20, 2017 | US Oil
Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 58.81. A new low below 51.22 would indicate a downwards...
by Lara | Feb 14, 2017 | US Oil
Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the...
by Lara | Feb 6, 2017 | US Oil |
Price continues to consolidate for US Oil. On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would...