Category Archives: Oil
Flourish Alerts – today is our First Anniversary!
Hello folks, I am extremely pleased to report that today (Sep 14, 2018) we are completing one year since the official launch of Flourish Alerts. Many thanks to our supporters and patrons without whom this would not have been possible. … Continue reading
WTI Crude: Forecast for Feb/Mar
WTI met my targets of 62 and 59 from the 64-65 levels. What’s next? Here is an update: The US output is spiking as projected in my December forecast. It is expected to cross 11 Mbpd sooner than expected (Bloomberg). … Continue reading
WTI Crude: An update
The WTI chart from Jan 14 is below. It indicated WTI was getting extremely overbought. The forecast was for a bearish trend to follow. The key reversal points were identified as Brent 70 -72 and WTI 65-66. Now the charts … Continue reading
NatGas Update
New! Flourish Alerts launched in September – for details, click here Natural Gas is still in its 2 year cyclical trend. After 7 attempts, it finally broke the 50 Week MA at 3.10. However, two more major LT moving averages – … Continue reading
WTI – update
Comments are in the chart. I would maintain a short position until 50.75 is taken out as the break above the 200 DMA has not produced a significant run (as yet) and the daily & weekly stochastics are signalling a … Continue reading
WTI still trending sideways
Despite the OPEC output cuts (promises?), various supply disruptions in the Gulf & the worsening situation in Venezuela, WTI hasn’t been able to break out of the 14 month sideways range (42-52). Now come the effects of Hurricane Harvey and … Continue reading
WTI – the small pennant & the big wedge
On Aug 7, I posted a WTI chart on StockTwits – basically a bullish pennant based on which my expectation was for a continuation of the current run up. However, I do not expect WTI to run beyond 52/53 for … Continue reading
