WTI Roadmap Sep 2017

١٧ سبتمبر ٢٠١٧

Signs of strength

١٨ سبتمبر ٢٠١٧

ملاحظة

Feb 2017 downtrend resistance broken

٢٠ سبتمبر ٢٠١٧

ملاحظة

This long consolidation appears to shape as a triangle so far

٢٠ سبتمبر ٢٠١٧

ملاحظة

US could exit Iran deal as early as next month. Quarterly certification in mid Month, Trump was aggressive yesterday. Could that be the MidEast catalyst I have been looking for?

٢٥ سبتمبر ٢٠١٧

ملاحظة

More indirect signs of rising MidEast tension plus LT cycles turning bullish. Good so far

٢٨ سبتمبر ٢٠١٧

ملاحظة

Solid, more and more triangle like which of course means one larger wave missing

١٣ أكتوبر ٢٠١٧

ملاحظة

Good bounce from 55 wma and Iranian decision coming soon. Appears to me triangle on the way to be completed

٢٠ أكتوبر ٢٠١٧

ملاحظة

Oil appears to be ready for a new upleg or close to completing the consolidation

٢٠ أكتوبر ٢٠١٧

ملاحظة

Next week we have Oct 26 and oil is ready to breakout finally from this long long consolidation

٢٣ أكتوبر ٢٠١٧

ملاحظة

Oil at multiyear downtrend resistance. If overcome (base case) then upside is open initially to mid/high 60s