drbubb Posted May 20, 2014 Author Report Share Posted May 20, 2014 WTI Chart Traded etfs, similar ratio (to above): GDX-to-OIH Ratio (Gold stocks / Oil Service stocks) Link to comment Share on other sites More sharing options...
drbubb Posted May 22, 2014 Author Report Share Posted May 22, 2014 OIL : Elliot Wave analysis US OIL Elliott Wave Technical Analysis – 21st May, 2014 by Lara · May 21st, 2014 · US Oil · 0 Comments Last analysis expected a little upwards movement to the target at 102.14 to 102.61 to last about five days. So far upwards movement has reached 102.99 and has lasted six days from last analysis. Summary: I expect that upwards movement is over for now. A clear breach of the channel on the hourly chart would provide me with confidence that the middle of a third wave down has started. The target for the next wave down is 92.91 and may be reached in two to three weeks. Click on charts to enlarge. The daily chart shows all of the start of cycle wave c downwards. > more: http://elliottwavegold.com/2014/05/us-oil-elliott-wave-technical-analysis-21st-may-2014/ Targets: $84.00, $72.50, or lower Link to comment Share on other sites More sharing options...
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