Weekly Oil Views: Crude Rally Perplexes, Riding on the Coattails of Gas Crunch

Weekly Oil Views: Crude's Raging Bulls May Be Missing the Downside of Energy Crisis

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 showing signs of a blow off rise as we are due to clear our rally PT at 81 and reach for the 84-85 projection target. The speed of the rise may also mean that a future pullback will be of an aggressive nature.For now, we like buying a dip near trendline support at 77.XLE long from 48 is gaining traction and breaking out out above the 55 resistance (a fresh long signal).We have been bullish from the 71 zone on the back of the breakout of the bull wedge formation.

WTI showing signs of a blow off rise as we are due to clear our rally PT at 81 and reach for the 84-85 projection target. The speed of the rise may also mean that a future pullback will be of an aggressive nature.For now, we like buying a dip near trendline support at 77.XLE long from 48 is gaining traction and breaking out out above the 55 resistance (a fresh long signal).We have been bullish from the 71 zone on the back of the breakout of the bull wedge formation.

Crude Oil

WTI Blow off Rise