US Financials: Energy Exposures Mean Boil, Boil, Toil and Trouble

Weekly Oil Views: Coronavirus Nips Crude's Fragile Recovery

Oil Macro Heavy Signals Post Tactical Recovery

Weekly Oil Views: As OPEC+ Dithers, Coronavirus Keeps up Pressure on Crude

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

<a href="https://www.smartkarma.com/entities/w-t-offshore-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:12370:1">W&amp;T Offshore (WTI US)</a> continues to show a bear bias from our recent sell call at 52 with demand and output concerns weighing. From a chart perspective we have outlined downside projection target where we want to closer shorts and try to bottom pick under the assumption that  OPEC parties come back to the table after being nudging by global leaders.The break of the old macro floor at 52 will now act as resistance on any forward rally cycle. This represents a macro breakdown.WTI's gap down will now act as resistance but is a very wide gap zone to manage. Immediate resistance lies at  36 with pattern resistance closer to  34. After gapping down, a flat range typically breaks lower.Fresh lows into late March offer an long opportunity in oil and more importantly in energy shares for a rise in April/May.

W&amp;T Offshore (WTI US) continues to show a bear bias from our recent sell call at 52 with demand and output concerns weighing. From a chart perspective we have outlined downside projection target where we want to closer shorts and try to bottom pick under the assumption that  OPEC parties come back to the table after being nudging by global leaders.The break of the old macro floor at 52 will now act as resistance on any forward rally cycle. This represents a macro breakdown.WTI's gap down will now act as resistance but is a very wide gap zone to manage. Immediate resistance lies at  36 with pattern resistance closer to  34. After gapping down, a flat range typically breaks lower.Fresh lows into late March offer an long opportunity in oil and more importantly in energy shares for a rise in April/May.

W&T Offshore

Crude Oil Downside Target and Buy Level