Tag Archives: crude
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
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 Crude & Nat Gas – Long Term trends & Critical Levels
Natural gas may be warming up, in anticipation of warmer temperatures. NG’s price trend seems to be in that typical 24-26 month cycle which we have seen from 2010. We are probably in that 2 year bullish trend that started … 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
