Weekly Oil Views: US, China Shore up Oil Market Sentiment

Weekly Oil Views: Oil Weighs Mixed Economic Sentiment, with Wary Eye on Venezuela

Weekly Oil Views: Crude Back in a Bull Market but Cheer Momentum Wanes

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

Brent's rise from 52 support has so far fallen in line with a corrective rise that is starting to run out of steam. In this webcast we outline key pivot levels to buy and where we see a rally exhausting ahead of a fresh re test on lower support levels.Oil peaked in line with our call for a macro top to form into October 2018 <a href="https://www.smartkarma.com/insights/oil-stall-for-roll-into-brent-for-a-final-high" target="_blank" data-smartkarma-citation="insights:21808">Oil Stall for Roll into Brent for a Final High</a> . <a href="https://www.smartkarma.com/insights/wti-and-brent-moving-into-our-macro-peak-zone-with-a-wti-58-target" target="_blank" data-smartkarma-citation="insights:24834">WTI and Brent Moving into Our Macro Peak Zone with a WTI 58 Target</a> . Oil remains a good barometer of global growth, which is set to slow into the summer and more so in 2020. Oil will also respond to a improved sentiment on China/US trade. Venezuela's supply concerns failed to induce any real reaction as major players appear to be building short positions into strength. Tactically, oil is reaching for a minor new high and the failure to rally on potential supply constraints does play into a pending cycle peak.We run through our tactical sequence as well as our macro view into 2020 (more bearish).

Brent's rise from 52 support has so far fallen in line with a corrective rise that is starting to run out of steam. In this webcast we outline key pivot levels to buy and where we see a rally exhausting ahead of a fresh re test on lower support levels.Oil peaked in line with our call for a macro top to form into October 2018 Oil Stall for Roll into Brent for a Final High . WTI and Brent Moving into Our Macro Peak Zone with a WTI 58 Target . Oil remains a good barometer of global growth, which is set to slow into the summer and more so in 2020. Oil will also respond to a improved sentiment on China/US trade. Venezuela's supply concerns failed to induce any real reaction as major players appear to be building short positions into strength. Tactically, oil is reaching for a minor new high and the failure to rally on potential supply constraints does play into a pending cycle peak.We run through our tactical sequence as well as our macro view into 2020 (more bearish).

Brent Oil Fresh Short Levels and Macro Sequence into 2020

Crude Oil

Brent Oil Fresh Short Levels and Macro Sequence into 2020