by Lara | Jul 24, 2013 | US Oil, US Oil Historical |
Oil has moved higher as expected for the week, remaining just below the invalidation point. If price breaks above 110.56 in the next one to few weeks this wave count will change significantly. I will briefly cover the alternate for this scenario today. Click on the...
by Lara | Jul 18, 2013 | Gold
Last analysis expected a little more upwards movement from gold to one of two targets, 1,296 or 1,349, before a short term trend change. The trend change would be confirmed with movement below 1,267.60. Price did move a little higher to 1,300.93, $4.93 above the first...
by Lara | Jul 17, 2013 | US Oil
Last week’s analysis expected more upwards movement to a short term target at 105.57 to 105.60. Price has reached up to 107.46, 1.86 above the small target zone, before turning lower and breaching the small parallel channel drawn on last week’s hourly...
by Lara | Jul 11, 2013 | Gold
Last week’s analysis of gold expected choppy, overlapping movement for the continuation of an intermediate degree fourth wave correction, which is pretty much what we have seen. It is too early to be certain of what structure is unfolding for intermediate wave...
by Lara | Jul 10, 2013 | US Oil
Last week’s analysis published charts only. Last week I expected the structure for a third wave upwards was incomplete. The short term target on the hourly chart was 105.52. Price has reached up so far to 0.76 short of the target. Click on the charts below to...
by Lara | Jul 4, 2013 | Gold
Last week’s analysis of gold expected upwards movement from a low of 1,221.88. Price moved lower first to reach down to 1,180.40, $41.48 below where I had expected the low to be. However, we did not see a trend channel breach on the hourly chart and did not have...
by Lara | Jun 27, 2013 | Gold
Last analysis expected more downwards movement. This is what happened, but price moved lower faster than expected: the target zone I had thought was about six weeks away at 1,232 to 1,216 was met in just one week. Click on the charts below to enlarge. This daily chart...
by Lara | Jun 26, 2013 | US Oil
Last analysis of US Oil was two weeks ago. It expected upwards movement to complete a second wave correction with a target at 98.36 and an invalidation point very close to that at 100.43. Price moved higher as expected to reach 99.21, just 0.85 above the target,...
by Lara | Jun 20, 2013 | Gold
Last analysis expected the completion within one or two days of a small second wave correction and thereafter a trend change to the downside during the week. Downwards movement was expected to show an increase in momentum which is what we have seen in the last 24...
