Natural Gas (via UNG) 2017-08-28

Updated weekly chart but very little change from the earlier post here which you should read as a reminder of the possibilities. The most noteworthy difference is that the cycle detection is focusing on a shorter cycle which has the ideal low at the end of September.

Natural Gas via (UNG) 2017-07-10

The dominant weekly cycle in UNG is bottoming out now and starts to turn up into early 2018 making it interesting to see if a higher low or test of the previous 2016 low takes place over then next couple weeks. At this scale, little has changed from the last time I...

United States Oil Fund (USO) 2017-07-04

Since I have started to think that the low in crude is in, I thought I would update the charts for likely the most popular ETF for crude, USO. The monthly chart has a fork placed in a similar way to that of crude though I did swap out the Adaptive CCI and replace with...

Crude Oil futures 2017-07-03

I had been expecting a new low from the bounce high in crude from late last year to develop this year. I had been treating that high as a wave four in an ending diagonal which calls for two motive waves lower with a connector in the middle. While the current low is...

Natural Gas via (UNG) 2017-06-18

In general, have been thinking that natural gas has been feeling its way to a higher low to that of 2016 and still think that is the case. The alternate count is that the late 2016 high was yet another corrective have that will push to a new low. Even if this proves...

Crude Oil 2017-05-29

Crude has been stuck in a range for just over a year. I'm skeptical that the crude low has been set but in the bigger picture we should be in the endgame now. Any new low into the end of this year is good enough. Could this be a broad basing pattern? Perhaps, will...

Natural gas via (UNG) 2017-05-19

When I last posted on UNG, we were looking for lower into the daily cycle low and a weekly inflection. Prices have consolidated since then but have failed to pullback much. This behavior can be setting up a strong move higher over the next month or so if the weekly...

Crude Oil 2017-04-17

Crude will be rolling into June tomorrow thus advance my chart to the June contract. The dominant daily cycle should be peaking over the next few days which along with the contract roll may be putting in an 'a' wave high. You must be logged in as a Daily Analysis or...