A bounce was expected for the very short term. An outside week closes as a doji. Price mostly moved sideways.

Continue reading US OIL Elliott Wave Technical Analysis – 3rd August, 2018 →

For the short term, a little upwards movement was expected for the week. An inside week closes green with a very small range, mostly fitting expectations.

Continue reading US OIL Elliott Wave Technical Analysis – 27th July, 2018 →

Downwards movement was expected for the week for US Oil, and this is exactly what has happened.

Continue reading US OIL Elliott Wave Technical Analysis – 13th July, 2018 →

Last analysis expected that US Oil had entered a large consolidation, with support about 61.0 and resistance about 72.5 to 73.0. Price remains within this zone, beginning now to swing up to resistance.

Continue reading US OIL Elliott Wave Technical Analysis – 22nd June, 2018 →

For the short term, some upwards movement was expected for US Oil. Although Friday ended with very strong downwards movement, the week made a higher high and a higher low.

Continue reading US OIL Elliott Wave Technical Analysis – 15th June, 2018 →

Last week’s analysis expected that US Oil had begun a deeper and longer lasting consolidation. A downwards week with a lower low and a lower high fits this expectation.

Continue reading US OIL Elliott Wave Technical Analysis – 8th June, 2018 →

The pullback has reached the lilac trend line where it was expected to find support.

Continue reading US OIL Elliott Wave Technical Analysis – 1st June, 2018 →

Last week’s analysis expected an upwards trend in place, and suggested pullbacks are an opportunity to join the trend.

Continue reading US OIL Elliott Wave Technical Analysis – 25th May, 2018 →

Last analysis expected more upwards movement for the week, which is what has happened.

Continue reading US OIL Elliott Wave Technical Analysis – 18th May, 2018 →