US OIL Elliott Wave Technical Analysis – 21st November, 2017

Last analysis expected upwards movement, which is exactly what has happened over the last week. The Elliott wave target remains the same. Summary: As long as price remains above 54.84, then expect this consolidation may be over here or very soon. The target for...

US OIL Elliott Wave Technical Analysis – 16th October, 2017

The upwards movement over the last week has remained below the invalidation point on the daily Elliott wave counts. Summary: A bearish candlestick wick with strongly declining volume and divergence with volatility suggests a high in place here for Oil. The target for...

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

Since last analysis downwards movement continues as expected. Trading advice on how to protect short positions is given for members this week. Summary: Pull stops on short positions down now to either breakeven or just above the high of the 5th of June at 48.42. If...

US OIL Elliott Wave Technical Analysis – 6th June, 2017

Downwards movement continues as the Elliott wave analysis overall expects. Summary: Overall, downwards movement is still expected and bounces are an opportunity to enter short or to add to short positions. At this time, stops may be set just above the last swing high...

US OIL Elliott Wave Technical Analysis – 30th May, 2017

Downwards movement was expected and began strongly. So far upwards movement looks like another bounce. Classic technical analysis is used to see if it may be over, or if it may continue. Summary: In the short term, it is entirely possible that price may yet move a...

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 – 17th May, 2017

The upwards bounce was deeper than expected. Profitable short positions were closed. Summary: While it is possible that price could continue higher, it looks likely that it has stopped here. The candlestick reversal pattern (Harami), the trend channel breach, a 0.618...

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...

US OIL Elliott Wave Technical Analysis – 2nd May, 2017

Advice on how to manage short positions, specifically how to calculate a daily trailing stop, is given today for members to protect profits. Summary: The target is at 28.61 minimum. Downwards movement may show a further increase in momentum. Some divergence today...