US OIL Elliott Wave Technical Analysis – 14th February, 2017

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...

US OIL Elliott Wave Technical Analysis – 6th February, 2017

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...

US OIL Elliott Wave Technical Analysis – 23rd January, 2017

Price has moved slightly higher for the week with a slightly higher high and a slightly higher low from the prior week. The Elliott wave count remains the same. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below...

US OIL Elliott Wave Technical Analysis – 16th January, 2017

Price has moved overall lower as last week’s Elliott wave and technical analysis expected. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below 49.96 would add confidence that price has turned downwards. Expect...

US OIL Elliott Wave Technical Analysis – 24th December, 2016

Upwards movement is continuing as expected. Summary: The target for upwards movement to end is still about 58.05. Use the yellow trend channel on the daily chart; when a full daily candlestick prints below the lower edge and without touching it, then expect Oil has...

US OIL Elliott Wave Technical Analysis – 14th December, 2016

Upwards movement has continued as expected from last Elliott wave analysis. The small consolidation also unfolded as expected and remained above the invalidation point at 46.57. Summary: The target for upwards movement to end is still about 58.05. Another small...