WTI Short term Update March 2017

Updated

Seems this could be more compex than plain vanilla ABC

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And if in fact this is larger Wave A into summer, then probability is rising that in SPX we could have Wave 5 as ED into 2018, with the current rise into summer as Wave 1 of that. Interesting developments i would say!

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Oscillating around the 47 line. Do not think goes lower than that (outside of some very quick washout). Let's see

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Looks like ED just about to complete lower as Wave 5 of C. Has to be by end of week

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Net spec shorts continue to clear, so positioning also improving

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I meant net spec longs above, not shorts

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47 proved the low. Good set up this

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Kaboom

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Yet again at the lower bound. Still think one more up into summer is missing, but we are in a make or break with FED today and OPEC later this month

Neon

Related publications

WTI Roadmap Dec 2016

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WTI Roadmap March 2017

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