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Crude “should” target 76-77 as a bounce target.
Posted on January 31, 2015 4 Comments
Thus far, the low at 44.22 has held. Yes, we had an intraday spike below but – note – it closed above 44.22 and then ripped for a nice signal reversal candle to the upside and believe we could target 76-77 w/ 60-61 as initial resistance.
the case for $170 oil ….
Posted on November 28, 2014 Leave a Comment
one chart – the only thing wrong w/ this chart is the length of the data. “wish” I had longer time frame oil prices. however, based on that I put together this count. rules: 2 can’t go below the origin of 1: check. 3 can’t be the shortest: check 4 can’t go below 1: check […]
Crude Oil … a potential roadmap
Posted on October 2, 2014 Leave a Comment
10/2/2014: we are at a very crucial junction w/ regards to Crude Oil. the big picture is resolving and, quite frankly, I’m not sure which BIG directional move to favor so i’m just going to TRUST the PATTERN that might have completed today. There’s an interpretation on IF the patterns works AND if the pattern […]
let’s talk Crude Oil ..
Posted on September 30, 2014 Leave a Comment
man today was a blast, hugh? ebola, dudes attacking the white house, ISIS, Russia, Hong Kong Riots … let’s make life easy and watch the patterns! look at this amazing BUY appearing on CRUDE ….for us pattern recognition dudes/dudettes we could care a less till 84-87 is targeted. rock on, ok? B
Crude approaching/at key buy pattern for support
Posted on August 10, 2014 Leave a Comment
CLIFF NOTES: a nice TIME and PRICE pattern coming in a little lower on crude for the buy. the reason this price pattern is so key is that, since the low in 2009, NO SWING LOW has been broken (shown by the blue arrows). So, it’s going to be very key for this pattern in […]
Emerging Markets and Crude …
Posted on June 22, 2014 2 Comments
CLIFF NOTES: note on the EEM chart below the “time” and “price” pattern that has completed for time but, perhaps, we’ll got up and see 45 as the target. This is very key as it has held the EEM back for over a year. The basic concept of polarity is shown w/ regard to the […]
Where did that Crude Oil Support Trend Line Come From?
Posted on May 22, 2014 Leave a Comment
Cliff Notes: if your new to this blog you’ll find that it’s all based on geometry and pattern recognition. If you take a look at weekly crude it’s not hard to see that beautiful support line that’s been holding crude up since September 2009. So, when I see that I say “why” and “what’s important […]
Crude, the Loonie and Oil Services Index for 2014
Posted on December 29, 2013 Leave a Comment
the chart below shows the Oil Services Index $OSX (candles) w/ USDCAD (inverted/line) overlaid on top … some observations: when the blue line (Loonie) is going down it is weak. when the blue line (Loonie) is going up it’s strong … at most inflection points, the $OSX and Loonie are synchronized nicely. however, for most […]
Bart's Charts 