Crude Oil WTI

Click on the name for the latest update: 1h Chart SPX and short term Elliot Wave Analysis – Three scenarios, all point to the same.   4h Chart SPX and the TripsTrading Cycle Model – August 31, what to do?  Daily Chart SPX – Why Fibonacci 1895 is relevant. Weekly Chart SPX – Hammer Time! Crude […]

Weekend Update – S&P500, 10y UST, Crude Oil

Below, the Daily Chart of Crude Oil WTI is presented. I would like to discuss some Negative and Positive signals of this chart.   Negative Signals 1. Crude Oil WTI closed below key support 50.58. 2. The Pitchfork Pattern (click on the link to learn more about Pitchfork Patterns). This pattern shows the resistance […]

Crude Oil WTI – Pitchfork Pattern

There’s an upwards bias the last 4 trading days as WTI sets Higher Lows and Higher Highs. The more speculative Trader could add to the longs, but in my view it’s better to wait for confirmation of a break outside the Triangle, a retest and continuation of the breakaway trend (61.5 on […]

Crude WTI – Update on Triangle