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...

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...

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...

Crude Oil 2017-03-26

Crude has spent this month falling away from geometric resist and may leak lower yet over the next week or two but is running out of time for this segment of the down leg. A poke under the November...

Crude Oil futures 2017-01-26

Crude has moved up today thus taking this as an opportunity to post monthly and weekly chart. There is no doubt some thinking they are on a verge of a break higher but caution against being overly...

Crude Oil futures 2017-01-08

The big picture on crude remains bearish in my opinion but can't definitively rule out modestly higher in the short term. Monthly and weekly chart below. The channel placement on this chart is...