by Lara | Jul 9, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – July 9, 2021 An outside week closes red. Price remains well above the invalidation point and within the channel on the daily chart. Summary: The Elliott wave count expects upwards movement to continue to a...
by Lara | May 21, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – May 21, 2021 It looks like at the end of this week a Bearish Engulfing pattern may be completing on the weekly chart. There is also a Bearish Engulfing candlestick reversal pattern on the daily chart. This...
by Lara | Mar 5, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – March 5, 2021 Upwards movement continues. A new daily Elliott wave count is used this week. Summary: A target for upwards movement to end is now at 68.49. The next pullback or consolidation may last several...
by Lara | Jan 15, 2021 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – January 15, 2021 Again, more upwards movement has unfolded as expected. Price remains within the channel on the daily chart. Summary: Classic analysis suggests a high may be in place for the short to mid...
by Lara | Nov 27, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – November 27, 2020 This week’s upwards movement invalidated the daily Elliott wave counts, indicating the second wave may be over. Targets for a third wave are now calculated. Summary: An upwards trend...
by Lara | Oct 9, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – October 9, 2020 Upwards movement for the week remains within a trading range and below the short-term invalidation point. Summary: For the very short term, upwards movement may end next week slightly above...
by Lara | Aug 21, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – August 21, 2020 A very small range week moved price higher, which did not make a new swing high. Both Elliott wave counts remain valid. Summary: Oil may have found a major sustainable low. A slow rounded top...
by Lara | Jul 3, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – July 3, 2020 An inside week leaves all three Elliott wave counts the same. Summary: Oil may have found a major sustainable low. For the mid term, a multi-week pullback may end about 31.75 or 22.23. It is...
by Lara | May 15, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – May 15, 2020 Upwards movement continues as expected. A new high slightly above 29.14 invalidates the alternate idea and adds confidence to the main Elliott wave count. Summary: Oil may have found a major...
