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

WTI is finally seeing some downside pressure building after breaking pivotal support at 42/41.50 and validating our short bet from 43.35 (original short at 42 closed and re set at 43.35). Our stop is at 44.The overlapping rising wedge that formed since early June is filled with signs of deteriorating upside momentum, slowing buy volume and waning bull conviction. Rising wedges form amid an upside grind as bear pressure builds.The macro break below wedge support aligns with a deteriorating demand story as stimulus tapers off. Compelling RSI divergence warns of a multi-month decline if not weakness well into 2021.

WTI is finally seeing some downside pressure building after breaking pivotal support at 42/41.50 and validating our short bet from 43.35 (original short at 42 closed and re set at 43.35). Our stop is at 44.The overlapping rising wedge that formed since early June is filled with signs of deteriorating upside momentum, slowing buy volume and waning bull conviction. Rising wedges form amid an upside grind as bear pressure builds.The macro break below wedge support aligns with a deteriorating demand story as stimulus tapers off. Compelling RSI divergence warns of a multi-month decline if not weakness well into 2021.

Oil Support Break and Macro Downside Risk

Crude Oil

Oil Support Break and Macro Downside Risk