May07

Crude oils recent rally is peaking as the June contract expiry nears. A possible head and shoulders or triangular chart pattern is forming. Lets monitor this for our next big trade.

Apr20

Hi All, I wanted to quickly give you an update on what happened to the chart pattern I showed on the previous post. As you can see Oil did head down comfortably, and there was some turbulence around $18 before continuing. However, it has fallen beyond my expectation, I am shocked that WTI spot price could fall as low as $12.40 (as at the time of ta...

Apr16

Another few days of uncertainty and oil swinging sideways in a narrow range. Creating another inverted penant chart pattern… expect a breakout shortly…. Based on previous analysis, this should be a downward breakout heading towards $17-$18. But I would take caution at those price levels, oil could bounce back almost immediate...