by Lara | May 11, 2018 | US Oil
Upwards movement continues as the second Elliott wave count expected. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an opportunity to join the trend. The mid term target is now at 97.92. A longer term...
by Lara | Apr 21, 2018 | US Oil
The new Elliott wave count is bullish. A short term pullback was expected, but price moved lower only slightly and briefly before making new highs. Summary: Classic technical analysis remains overly bullish. There is an upwards trend in place. Pullbacks are an...
by Lara | Apr 14, 2018 | US Oil
A new high above 66.65 has substantially reduced the probability of the main Elliott wave count and increased the probability of the alternate. This week the two wave counts should be swapped over. Summary: The probability that Oil is in a huge new bull market looks...
by Lara | Apr 1, 2018 | US Oil
A turn was expected. Price has remained just below the invalidation point and printed a red weekly candlestick. Summary: Price must continue lower here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish...
by Lara | Mar 24, 2018 | US Oil
A bounce was expected to continue, with the target at 65.05. So far price has reached up to 65.99. Summary: Price must turn here for the main Elliott wave count. A new high above 66.65 would substantially reduce the probability of the bearish wave count and increase...
by Lara | Mar 17, 2018 | US Oil
Another small range week, this time an inside week, does not change the Elliott wave analysis. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at this stage would be very bullish. In the short term, still look for a...
by Lara | Mar 10, 2018 | US Oil
A small bounce was expected before the continuation of a downwards trend. Price has moved slightly lower for the week, but with a very small real body mostly price moved sideways. The outlook remains the same. Summary: The outlook will remain bearish while price...
by Lara | Mar 3, 2018 | US Oil
A trend change was expected after a little more upwards movement. This is exactly what happened. Monday saw a new high; thereafter, the week saw downwards movement. Summary: The outlook will remain bearish while price remains below 66.65. A new high above 66.65 at...
by Lara | Feb 18, 2018 | US Oil
A bounce was expected for the last week, which is exactly what has happened. Summary: The target is at 13.39. A new low below 55.24 would add confidence to the main bearish wave count. The bounce may be over at Friday’s high. Volume is declining and there is a...
