by Lara | May 15, 2013 | US Oil
Last week’s analysis expected oil to move lower which is what has happened. The channel about the last upwards wave on the daily chart is now breached providing trend channel confirmation of a trend change back to the downside for oil. Click on the charts below...
by Lara | May 9, 2013 | Gold
Last week’s analysis of gold expected downwards movement. We have seen some downwards movement, but before price moved lower a breach of 1,485.49 invalidated the hourly wave count. Price remains below the invalidation point on the daily wave count. I have...
by Lara | May 8, 2013 | US Oil |
Last analysis expected to see downwards movement after the channel drawn on the hourly chart was breached. The channel was breached, but thereafter price moved to a new high as a fourth wave correction continued deeper. This week the structure of this fourth wave is...
by Lara | May 2, 2013 | Gold
Last week’s analysis expected price to continue to rise to a short term target at 1,451. Price did move higher but has exceeded the target by $34.49. The channel on the hourly chart has remained very useful. While price continued higher it remained within the...
by Lara | May 1, 2013 | US Oil
Further strong upwards movement invalidated the main wave count. This upwards movement cannot be a fourth wave of an impulse because it has entered first wave price territory. It must be a second wave correction, or the structure is a diagonal and not an impulse. The...
by Lara | Apr 25, 2013 | Gold
Last analysis of gold expected it was likely that a fourth wave correction was over and price should move lower. However, it was also stated that without a clear five down and a new low we could not eliminate the possibility that the fourth wave correction may...
by Lara | Apr 24, 2013 | US Oil
Last week’s analysis had a short term target for some upwards movement at 89.21 to 89.41. Price has moved higher and so far is 0.23 above the target. But the structure is incomplete. I have calculated a new target for you this week. Click on the charts below to...
by Lara | Apr 18, 2013 | Gold
I am reverting back to my original gold wave count. Targets for that wave count have been breached so are recalculated. This wave count expects that downwards movement is a third wave. The structure is incomplete. It needs further downwards to go. Along the way we...
by Lara | Apr 17, 2013 | US Oil
Oil analysis last week expected price to move strongly lower as the middle of a third wave unfolded which is exactly what has happened. Targets have not been met, but the structure is incomplete. It should continue to move lower over the next week. Click on the charts...
