Select Page

US Oil Elliott Wave Technical Analysis – 16th April, 2013

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...

US Oil Elliott Wave Technical Analysis – 9th April, 2013

Last week’s oil analysis expected price to move lower. The short term target at 94.52 has been exceeded by 2.53. This week I expect the completion of a minuette degree second wave correction, followed by a third wave down. Click on the charts below to enlarge....

US Oil Elliott Wave Technical Analysis – 2nd April, 2013

The main wave count on last analysis expected more upwards movement from Oil towards a short to mid term target at 94.3 to 94.84. Price did continue higher to reach 2.89 above the target zone at 97.73, remaining below the invalidation point which is very close by now...