US OIL Elliott Wave Technical Analysis – 12th April, 2017

Again, last week expected downwards movement from US Oil but price continues higher. The main Elliott wave count was invalidated leaving only one wave count now, which was last week’s alternate. Summary: Use the small best fit channel on the daily Elliott wave...

US OIL Elliott Wave Technical Analysis – 4th April, 2017

Price has moved higher over the last few days. Summary: Upwards movement looks like a counter trend movement and it looks reasonably likely to end here or very soon indeed. If members choose to enter short positions, stops should technically be set just above 55.03....

US OIL Elliott Wave Technical Analysis – 28th March, 2017

Price is now moving sideways again. Some strategies for traders are outlined today. Summary: Oil looks to have entered a new consolidation. Wait for it to develop further. The breakout will be expected to be downwards but not yet. New updates to this analysis are in...

US OIL Elliott Wave Technical Analysis – 22nd March, 2017

A small correction unfolded over the last week as expected. Summary: The target for downwards movement to end is minimum 28.61, with 25.59 reasonably likely. Move stops to either just above the swing high of the 16th of March (check your broker data for the exact...

US OIL Elliott Wave Technical Analysis – 13th March, 2017

Last weekly analysis expected a violent downwards breakout as likely. This is exactly what happened. Alternate wave counts are now invalidated. Summary: The target for downwards movement to end is minimum 28.61, with 25.59 reasonably likely. New updates to this...

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

The classic technical analysis picture has changed this week for US Oil. On Balance Volume is now giving a strong signal as to which direction price may break out. Price has been consolidating now for about twelve weeks. There will be a breakout and it may come soon....

US OIL Elliott Wave Technical Analysis – 27th February, 2017

This consolidation has now lasted for about 12 weeks. The breakout should come soon now. Volume and On Balance Volume are giving strong signals as to which direction the breakout is most likely to be. Members are offered some advice on how to approach this market this...