Weekly Analysis: Energies

2021-02-07T14:23:19-06:00February 7th, 2021|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $56.85, up $4.65. Secondary Trend: Up. Spot Spread: $0.15 (inverse) = Bullish. Market Type: 9 = Most Bullish. Price Distribution: Lower 44%. Target: None at this time. Analysis: Crude oil is in a similar position [...]

Weekly Analysis: Energies

2020-10-18T10:14:53-05:00October 18th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $40.88, up $0.28. Secondary Trend: Down. Spot Spread: (-$0.24) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90. Analysis: Despite its higher weekly close the market remains in a secondary downtrend. Initial [...]

Weekly Analysis: Energies

2020-10-11T13:50:27-05:00October 11th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $40.60, up $3.55. Secondary Trend: Down. Spot Spread: (-$0.31) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90. Analysis: Despite its higher weekly close the market remains in a secondary downtrend. The [...]

Weekly Analysis: Energies

2020-09-20T06:59:24-05:00September 20th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $41.11, up $3.78. Secondary Trend: Down. Spot Spread: (-$0.21) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90 to $26.93. Analysis: Despite the higher weekly close the secondary trend is down. The [...]

Weekly Analysis: Energies

2020-09-13T08:51:29-05:00September 13th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $37.33, down $2.44. Secondary Trend: Down. Spot Spread: (-$0.32) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $30.90 to $26.93. Analysis: The spot-month contract extended its secondary downtrend to a 4-week low [...]

Weekly Analysis: Energies

2020-09-06T15:09:04-05:00September 6th, 2020|Energies, Weekly Analysis|

WTI Crude Oil Weekly Close: $39.77, down $3.20. Secondary Trend: Down. Spot Spread: Downtrend = Bearish. Market Type: 1 = Most Bearish. Price Distribution: NA. Target: $30.90 to $22.95. Analysis: The spot-month contract confirmed a new secondary downtrend with a [...]

Weekly Analysis: Energies

2020-08-09T16:11:01-05:00August 9th, 2020|Energies, Weekly Analysis|

WTI Crude Oil closed at $41.22, up $0.95 for the week. Trends: Secondary = Sideways, nearing a downturn. Targets: None. Analysis: The market looks to be nearing a secondary top with the spot-month contract sitting below its next upside target of $43.48. Weekly stochastics established a bearish [...]

Weekly Analysis: Energies

2020-07-26T12:02:30-05:00July 26th, 2020|Energies, Weekly Analysis|

WTI Crude Oil closed at $41.29, up $0.70 for the week. Trends: Secondary = Sideways, nearing a downturn. Targets: None. Theoretical Position: Those wanting to establish short position could do so near last Friday’s close If so, then buy stops [...]

Weekly Analysis: Energies

2020-06-14T08:44:48-05:00June 14th, 2020|Energies, Weekly Analysis|

WTI Crude Oil closed at $36.26, down $3.29 for the week. Trends: Minor = Down. Secondary = Up but overbought. Targets: Minor = $28.84 to $21.67. Secondary $43.48 to $51.37. Conclusion:The spot-month contract looks to have established a bearish 2-week [...]

Weekly Analysis: Energies

2019-03-17T10:51:22-05:00March 17th, 2019|Energies, Weekly Analysis|

Crude Oil: The spot-month contract closed at $58.52, up $2.45 for the week. Despite weekly stochastics being above 90%, indicating a sharply overbought situation, the spot-month contract continues to extend the market’s secondary (intermediate-term) uptrend toward next resistance near $59.60 [...]

Energies

2019-01-20T13:08:32-06:00January 19th, 2019|Energies, Weekly Analysis|

Crude Oil: The February contract closed at $53.80, up $2.21 for the week. Crude oil extended its secondary (intermediate-term) uptrend to a high of $53.92 last week. Next resistance is at $55.56, a price that marks the 38.2% retracement level [...]

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