Prospect of Iran Deal Becomes an Unlikely but Sticky Cap on Crude's Rally

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

Crude oil (WTI) met our 84/85 rally projection and stall zone with 80 initial support in what is viewed as a pullback to buy for a new high that will then become stretched where a bigger top is due.Immediate trendline support under pressure in line with a pullback sequence.RSI rising wedge support break warns of a pullback but the lack of divergence calls for buying a corrective sequence (bull conviction).A new high near the 2013-14 congestion zone shows risk of an intermediate top zone in December.

Crude oil (WTI) met our 84/85 rally projection and stall zone with 80 initial support in what is viewed as a pullback to buy for a new high that will then become stretched where a bigger top is due.Immediate trendline support under pressure in line with a pullback sequence.RSI rising wedge support break warns of a pullback but the lack of divergence calls for buying a corrective sequence (bull conviction).A new high near the 2013-14 congestion zone shows risk of an intermediate top zone in December.

Crude Buy Support/New High and Bigger Top

Crude Oil

Crude Buy Support/New High and Bigger Top