US OIL Elliott Wave Technical Analysis – 5th December, 2017

Price has moved sideways, remaining within the Elliott wave channel and above the invalidation point. Summary: The target for upwards movement to end is a zone at 61.42 to 62.11. There is some weakness now and indicators are extreme; look out for this upwards trend to...

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

Last analysis expected a sideways consolidation to last about eight sessions. Price has moved sideways and lower for the last four sessions. Summary: As long as price remains above 52.86, then expect this consolidation may be over here or very soon. The target for...

US OIL Elliott Wave Technical Analysis – 7th November, 2017

The main Elliott wave count expected more upwards movement. Price is above 55.24, so the main Elliott wave count is the sole wave count left. The target has not yet been met. Summary: A sideways consolidation about here may develop, which may last about 8 sessions....

US OIL Elliott Wave Technical Analysis – 23rd October, 2017

A very small range weekly candlestick has moved price sideways and very slightly higher. Summary: A downwards breakout is still expected. Expect resistance about 52.90 and support about 49.10. The target for the next wave down is at 15.38 or 13.00. This target is some...

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 – 7th August, 2017

More upwards movement was expected for the week for US Oil. Price has moved sideways, remaining above the invalidation point on the daily Elliott wave count. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart;...

US OIL Elliott Wave Technical Analysis – 31st July, 2017

Upwards movement for the last week for US Oil was not expected and has breached an important trend line. The Elliott wave count this week is changed. Summary: Expect Oil now to continue higher to reach above 52.00. Use the pink base channel on the daily chart; if that...