WTI Bear Projection as US Yields Set to Overshoot with Red Flags

Weekly Oil Views: Rising Mideast Tensions Dwarfed by Demand Growth Worries

Weekly Oil Views: Late-Week Price Rebound from 5-Month Lows Feels Tentative

Weekly Oil Views: Crude Collapses in Trade War-Led Market Meltdown

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

Our bearish view on WTI from the 67 area is playing out nicely, however our bigger concern is the signal oil is sending regarding future economic growth when combined with plunging bond yields (warning of recession).WTI's recent bounce to 54 was touted as a fresh short zone for a break to new lows. Oil's roadmap is laid out with a tradable bounce from new lows in the shape of a counter trend rise. Once this rise is complete we see future weakness threatening the WTI late 2019 low.Weekly cycle indicators are just rolling over and that is a bigger macro negative for oil after we see a counter trend recovery attempt that is mapped out in the daily chart cycle. Energy shares have been a short theme and will once again offer a good short set up once a bounce cycle terminates.

Our bearish view on WTI from the 67 area is playing out nicely, however our bigger concern is the signal oil is sending regarding future economic growth when combined with plunging bond yields (warning of recession).WTI's recent bounce to 54 was touted as a fresh short zone for a break to new lows. Oil's roadmap is laid out with a tradable bounce from new lows in the shape of a counter trend rise. Once this rise is complete we see future weakness threatening the WTI late 2019 low.Weekly cycle indicators are just rolling over and that is a bigger macro negative for oil after we see a counter trend recovery attempt that is mapped out in the daily chart cycle. Energy shares have been a short theme and will once again offer a good short set up once a bounce cycle terminates.

Crude Oil

Crude Oil Growth Barometer