A relatively shallow bounce was expected to continue this week. A slightly higher high and a slightly higher low overall fits this expectation.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – June 14, 2019 →

Downwards movement was expected to continue for the week, which is exactly what has happened.

The Elliott wave structure is used to indicate when and where bounces may occur. Candlestick patterns and volume are used to guide the Elliott wave count.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – June 7, 2019 →

A small bounce to about 61.33 was expected to begin the week, and thereafter downwards movement was expected to continue and to show an increase in momentum. The bounce was more shallow than expected, reaching only to 59.69, but strong downwards movement fits the larger picture exactly.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – May 31, 2019 →

Downwards movement was expected this week for US Oil, which is exactly what has happened.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – May 24, 2019 →

An upwards week sees price remain below the invalidation point. Volume analysis is relied upon heavily this week to indicate the direction for next week.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – May 17, 2019 →

Again, price continues lower as the Elliott wave count expected for this week.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – May 10, 2019 →

Downwards movement has unfolded for the week as expected.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – May 3, 2019 →

A little more upwards movement was expected for the week.

The weekly candlestick forms an important pattern, and the daily volume profile supports it.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – April 26, 2019 →

A very small range week moves price mostly sideways. The Elliott wave count remains the same.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – April 19, 2019 →

Again, upwards movement continued to reach 1.01 above the target for the week.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – April 12, 2019 →

Upwards movement continued as expected for the week and has almost reached the target. The Elliott wave structure is almost complete.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – April 5, 2019 →

Last week’s analysis expected a bounce to continue for US Oil. An outside week closes green and price remains within the channel on the daily chart.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – March 29, 2019 →

The bounce continues towards the target as expected.

Continue reading US OIL: Elliott Wave and Technical Analysis | Charts – March 22, 2019 →