US OIL Elliott Wave Technical Analysis – 3rd October, 2017

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...

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

Price continues to find resistance at the wide channel on the monthly and weekly charts. 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. In the...

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 – 25th July, 2017

A target for the bounce to end was given in last analysis at 47.96 to 48.91. Price reached up to 47.74, just 0.22 short of the target. Summary: The bounce now looks likely to be over. This is supported by short term volume and divergence with volatility. If the orange...

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

Stops are now protecting profit on short positions. The target remains the same. Members this week may have a little more confidence in the main Elliott wave count now that an alternate has been invalidated. Summary: Adjust the best fit channel very slightly using the...

US OIL Elliott Wave Technical Analysis – 20th June, 2017

Last week the main wave count expected a continuation of downwards movement, which is what has happened. This week members are offered advice on how to manage short positions, which were opened after a channel was breached on the 25th and 26th of May. Summary: Pull...

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

Downwards movement was expected after last week’s analysis, but this is not what happened. Price has continued to move higher. Summary: Divergence today with price and volatility, price and On Balance Volume, and price and Stochastics more strongly suggests the...

US OIL Elliott Wave Technical Analysis – 10th May, 2017

Short term analysis is given today to help members manage profitable short positions on Oil. Summary: The target is at 28.61 minimum. Downwards movement may show a further increase in momentum. Stops may now be set just above the Elliott wave invalidation point at...