Tag Archives: venezuela
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
