US OIL Elliott Wave Technical Analysis – 6th July, 2018

Sideways movement with one slight new high fits expectations for the week. A new high above 74.96 to 75.26 has invalidated the alternate Elliott wave count, providing more confidence now in the main Elliott wave count. Summary: Now expect the upwards swing has ended...

US OIL Elliott Wave Technical Analysis – 29th June, 2018

Last week’s analysis expected an upwards swing to continue at least for the short term, which could make a new high above 72.90. Price has moved higher to reach 74.46 for the week. Summary: For the short term, while there is no candlestick reversal pattern,...

US OIL Elliott Wave Technical Analysis – 22nd June, 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. Summary: A deeper and longer lasting consolidation may have begun,...

US OIL Elliott Wave Technical Analysis – 15th 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. Summary: A deeper and longer lasting consolidation may have begun, which may last about 13 to 21...

US OIL Elliott Wave Technical Analysis – 8th 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. Summary: A deeper and longer lasting consolidation may have begun, which may last about 13 to...

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

The pullback has reached the lilac trend line where it was expected to find support. Summary: A deeper and longer lasting consolidation may have begun, which may last about 13 to 21 weeks in total. It should remain above 55.24, and the target is about 61.12. The...