Category Archives: Oil
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
