by Kurt | Dec 18, 2018 | Email, Energy, ETFs, Public, Slider
Watch for a countertrend swing
by Admin | Jul 3, 2017 | Energy, Premium
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...
by Admin | May 29, 2017 | Energy, Premium
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...
by Admin | Apr 17, 2017 | Energy, Premium
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...
by Admin | Mar 26, 2017 | Energy, Premium
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 2016 low would be nice while the cycle is blowing the bears direction...
by Admin | Jan 26, 2017 | Energy, Premium
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 enthusiastic and think it would be easy for the market to take back the...
by Admin | Jan 8, 2017 | Energy, Premium
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 admittedly subjective. I placed it such that the 2013 and 2014 highs set...
