Weekly Oil Views: In a Cauldron of Delta Wave, Fed Tapering

Crude Oil and Copper Breakdowns Reinforce Our Concerns; Defensive Sectors Remain Attractive

Bulls & Bears: Near- And Short-Term View on Oil Prices

Weekly Oil Views: Crude Bids Farewell to Summer Bump, Prices in the Delta Dent

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 trendline resistance represents the next high conviction sell zone that targets lower wedge support near 58/60 and long trade set up.70.50 to 71 is the ideal short level for WTI but worth picking at the 69 resistance level in the event we fade early. Barring a hard decline then look to re cycle near 70+. 71.20 and 72 are key resistance levels and our risk pivot.Hurricane Ida should lend support for oil to test the trendline barrier.Well behaved descending wedges tend to be corrective patterns and the next slide toward the 58 support will set up a long in oil to test wedge resistance that will come in near the 67 level with time translation. Clearing wedge resistance would open the way to re test the macro barrier at 76/77 in the later part of Q4.

WTI trendline resistance represents the next high conviction sell zone that targets lower wedge support near 58/60 and long trade set up.70.50 to 71 is the ideal short level for WTI but worth picking at the 69 resistance level in the event we fade early. Barring a hard decline then look to re cycle near 70+. 71.20 and 72 are key resistance levels and our risk pivot.Hurricane Ida should lend support for oil to test the trendline barrier.Well behaved descending wedges tend to be corrective patterns and the next slide toward the 58 support will set up a long in oil to test wedge resistance that will come in near the 67 level with time translation. Clearing wedge resistance would open the way to re test the macro barrier at 76/77 in the later part of Q4.

Crude Oil

WTI Sell Levels