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

Price is still range bound. On Balance Volume is giving a strong signal about what direction price will break out. Summary: A new high above 55.24 would indicate an upwards breakout, and the target would be 58.81. A new low below 51.22 would indicate a downwards...

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

Again, price continues to consolidate for US Oil and On Balance Volume may assist to show the breakout direction, so it should be watched carefully. The Elliott wave counts remain the same. Summary: A new high above 55.24 would indicate an upwards breakout, and the...

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

Price has moved overall lower as last week’s Elliott wave and technical analysis expected. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below 49.96 would add confidence that price has turned downwards. Expect...