by Lara | Oct 23, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – October 23, 2020 Upwards movement remains below the invalidation point this week. The Elliott wave count remains the same. Summary: Downwards movement may break below support and continue lower. A multi-week...
by Lara | Sep 4, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – September 4, 2020 A pullback was expected and has finally begun to show some strength. Summary: Oil may have found a major sustainable low. A multi-week pullback is expected to end about 23.05. It is...
by Lara | Jul 17, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – July 17, 2020 Another very small range week with slight upwards movement fits the first two Elliott wave counts best. A top may be forming. Summary: Oil may have found a major sustainable low. A slow rounded...
by Lara | May 29, 2020 | US Oil, US Oil Historical
US OIL: Elliott Wave and Technical Analysis | Charts – May 29, 2020 Upwards movement continues as price remains within a short-term channel. The channel will be used to indicate when a pullback may have arrived. Summary: Oil may have found a major sustainable...
by Lara | Apr 10, 2020 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – April 10, 2020 Price remained within the channel on the daily chart and continued lower this week exactly as expected. Summary: Assume the downwards trend remains while price remains within the channel on...
by Lara | Feb 21, 2020 | US Oil |
US OIL: Elliott Wave and Technical Analysis | Charts – February 21, 2020 Upwards movement has continued for another week exactly as expected. The main wave count still has the same target and expects a breakout from this consolidation to be downwards, when the...
by Lara | Jan 3, 2020 | US Oil
US OIL: Elliott Wave and Technical Analysis | Charts – January 3, 2020 The triangle has been invalidated and the alternate Elliott wave count, which considers a combination, is now the main Elliott wave count. Summary: Both the bullish and bearish Elliott wave...
by Lara | Dec 19, 2017 | US Oil |
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...
by Lara | Nov 21, 2017 | US Oil
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...