Tag Archives: uso

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

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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

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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

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