by Lara | Mar 10, 2018 | US Oil
A small bounce was expected before the continuation of a downwards trend. Price has moved slightly lower for the week, but with a very small real body mostly price moved sideways. The outlook remains the same. Summary: The outlook will remain bearish while price...
by Lara | Mar 3, 2018 | US Oil
A trend change was expected after a little more upwards movement. This is exactly what happened. Monday saw a new high; thereafter, the week saw downwards movement. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at...
by Lara | Feb 25, 2018 | US Oil
Upwards movement was expected to end last week, but price continues to move higher. Volume does not support the rise in price though, and there is resistance overhead. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at...
by Lara | Feb 18, 2018 | US Oil
A bounce was expected for the last week, which is exactly what has happened. Summary: The target is at 13.39. A new low below 55.24 would add confidence to the main bearish wave count. The bounce may be over at Friday’s high. Volume is declining and there is a...
by Lara | Feb 10, 2018 | US Oil
Last analysis expected Oil had made a high. A breach of the channel on the daily chart added confidence to this view. Thereafter, Oil has continued to fall as expected. Summary: The target is at 13.39. In the short term, look out for a bounce that should not make a...
by Lara | Feb 3, 2018 | US Oil
Sideways movement, which has not made a new high, this week fits the main Elliott wave count better than the new alternate. Summary: Assume the upwards trend remains intact while price remains within the yellow channel on the daily chart. Only if that channel is...
by Lara | Jan 27, 2018 | US Oil
Upwards movement has continued towards the target, which was at 67.86, and which has not yet been met. A new alternate wave count is considered this week. Summary: Assume the upwards trend remains intact while price remains within the yellow channel on the daily...
by Lara | Jan 9, 2018 | US Oil |
Price continued higher towards the target, which was at 61.42, but this has been exceeded now by 2.11. Summary: The target for upwards movement to end is now at 67.86. If this target is wrong, it may now be too high. New updates to this analysis are in bold. MONTHLY...
by Lara | Oct 3, 2017 | US Oil
Last week’s analysis expected more upwards movement from US Oil. Price moved higher, falling a little short of the target, before turning down for a pullback which so far has remained within the channel. Summary: Oil may continue to rise for the short to mid...
