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...

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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...

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I wanted to point something out to help you prepare for a trade. This might happen or might not... but more often than not, it does happen. See the chart above.... observer the MACD and RSI. As Oil heads lower below $20, notice if the MACD histogram, and RSI levels remain at level higher than the previous bottom at $20. What this essentially means...

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