US OIL Elliott Wave Technical Analysis – 19th December, 2017

Another sideways week sees a classic symmetrical triangle forming. Volume analysis is used to indicate the most likely breakout direction, and the triangle is used to calculate a target. Summary: The target for upwards movement to end is 61.42. There has been some...

US OIL Elliott Wave Technical Analysis – 21st November, 2017

Last analysis expected upwards movement, which is exactly what has happened over the last week. The Elliott wave target remains the same. Summary: As long as price remains above 54.84, then expect this consolidation may be over here or very soon. The target for...

US OIL Elliott Wave Technical Analysis – 30th October, 2017

A classic upwards breakout was seen two days ago. The main Elliott wave count is changed. The alternate Elliott wave count remains the same. Summary: Look for upwards movement to continue now until about 61.42. For the very short term, look for price to curve back...

US OIL Elliott Wave Technical Analysis – 29th August, 2017

Last week’s analysis expected more downwards movement. 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. Look out for Oil to start falling...

US OIL Elliott Wave Technical Analysis – 21st August, 2017

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...

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

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...