by Lara | May 17, 2016 | US Oil
Price remains within the channel. Downwards movement was expected but was unconfirmed. Summary: Expect more upwards movement while price remains within the blue channel on the daily chart. The structure is now incomplete. Upwards movement should be expected to...
by Lara | May 10, 2016 | US Oil |
Oil may have seen a trend change but confirmation is first required. Summary: The structure is complete, but a trend change is not yet confirmed by a channel breach. If price breaks below the blue channel, then look for a throwback to find resistance at the blue line....
by Lara | May 3, 2016 | US Oil |
A new high above 44.49 confirmed more upwards movement. The target remains the same. There is only one Elliott wave count this week for Oil. Summary: Expect that the trend remains the same, up, while price remains within the dark blue channel. The target remains at...
by Lara | Apr 26, 2016 | US Oil |
The Elliott wave count is changed this week. There is a new monthly wave count with a main daily, and an alternate daily Elliott wave count. Summary: A new high above 44.49 would confirm more upwards movement, with a target at 51.09. Volume favours a bullish move...
by Lara | Apr 19, 2016 | US Oil |
Last week’s main Elliott wave count expected upwards movement to end soon and be followed by some downwards movement. This is what has happened so far. Summary: The alternate wave count is invalidated. Only one wave count is left. The target for downwards...
by Lara | Apr 12, 2016 | US Oil |
Last week’s analysis of US Oil expected a correction to continue, which looks like what is happening so far. Summary: A new high above 41.90 at any stage by any amount would confirm the main wave count and invalidate the alternate. It does not mean the next wave...
by Lara | Apr 5, 2016 | US Oil |
Last week’s analysis of US Oil expected more downwards movement, which is what happened. Summary: Downwards movement is expected to continue for several weeks although it may not be in a straight line, a B wave upwards may yet unfold within it. How low downwards...
by Lara | Mar 29, 2016 | US Oil |
Again, last week’s analysis of US Oil expected downwards movement for both the main and alternate Elliott wave counts. This is what happened. Summary: Downwards movement is expected to continue for several weeks. How low downwards movement goes may indicate...
by Lara | Mar 22, 2016 | US Oil |
Last week’s analysis of US Oil expected more upwards movement to come up to touch the upper edge of a channel. This is what happened. Summary: An upwards impulse is complete. Downwards movement is expected from here. How low downwards movement goes may indicate...
