Crude – BUY PATTERN in/around 52-53

like the EEM … big support here. if we lose it, look out below …

note, the 15 minute and 240 minute patterns … it shows the fractal nature of the market and, in this case, we have a pattern (15 minute (orange w/ dashed black outline) w/in a BIGGER 4 hour pattern (light blue)

kind of cool, I guess.

B

Crude Oil Approaching BIG low …update to the update to the update

12/06/2017  – looks like we are smacking into some large resistance from a time and price perspective. here or a little higher should do it for Crude for now.

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2/2/2017 – can’t believe it’s been over a year since I posted on crude – but I guess it has. as you can see below, the ‘math’ tagged the low in crude.

where do we go from here? well, the ‘easy count’ and that’s what I’m into says – perhaps – a little higher and then down to take out 26 ?

no way, right? You Never Know.

Bart

Continue reading “Crude Oil Approaching BIG low …update to the update to the update”

Crude BUY pattern present – update

06/30/2017 – note measured moves up (blue arrows) – would use those as targets for now. As long as loonie continues to thump the USD, then this might have legs beyond those measured moves.

B

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interesting … the RATIO of USD / CRUDE

folks, need to pay attention  here … below you’ll find two charts:

  • RATIO of $$$ / Crude Oil (continuous contract) – note the nice sell pattern that completed a couple months ago.
    • now notice … we are hanging by a thread for USD to continue to weaken against Crude
  • Ratio of $$$ / Crude oil (continuous contract) – note the nice correlation of the tops/bottoms in the ratio and the moves in crude (makes sense)

All I’m saying is perhaps .. crude is going to continue to strengthen – relative strengths basis – against the USD?

WATCH CLOSELY …

B

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Crude Oil Approaching BIG low …

2/2/2017 – can’t believe it’s been over a year since I posted on crude – but I guess it has. as you can see below, the ‘math’ tagged the low in crude.

where do we go from here? well, the ‘easy count’ and that’s what I’m into says – perhaps – a little higher and then down to take out 26 ?

no way, right? You Never Know.

Bart

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1/11/2016 update.

note the percentage corrections … certainly looks like 30 and 25 are possibility. Especially since the OSX/NYA ratio hasn’t bottomed along w/ the Loonie but i do believe we are getting ready for a big bounce.

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Crude Continuous Monthly Log
Crude Continuous Monthly Log

Update on ratio of OSX/NYA

05/31/2016

here’s an update to the BUY of the RATIO of OSX/NYA. couple things to note:

  • pattern held and note the move UP in Crude pretty much the same day the pattern hit
  • it’s not that much of a bounce …would expect it to have been bigger, especially w/ the move in Crude and the Loonie vs USD.
  • also, note the divergence in the ratio as the crude oil continued higher. this has usually led to a move lower in crude …
  • stay tuned, does this spell weakness ahead for Crude and the Loonie?

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here’s the RATIO of $OSX / $NYA. it has a buy pattern HERE or a little LOWER.

below that is crude and CAD vs USD (USDCAD inverted) overlaid on top of the ratio.

they move together

so IF this BUY pattern works THEN we have a big move coming BULLISH for Crude and the Loonie.

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