USO
Amadeo Ratio 4/22/2016The chances of it going down is much greater than the chances of it going up. We need to watch the lines.
"TAKE A STEP BACK "$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO IT IS ALWAYS GOOD TO TAKE A STEP BACK
AND LOOK AND THE HIGHER TIME FRAME
THE INTRADAY SWINGS CAN GIVE CONFUSION IF YOUR CONTEXT
ISNT FOCUSED
$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO " BIGGER PICTURE' PRICE CAME BACK TO THE "ZONE OF INFLUENCE"
DOUBLE TOPPED AND THEN PANIC FLUSHED THE WEEK HANDS
BEFORE ITS REAL AGENDA.
"SWING UPDATE" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $XOMPRICE PANIC FLUSHS
HITS POTENTIAL SUPPORT.
FORMS INSIDE BAR
THRUSTS UP
THEN RETEST.
"STUDY THIS ..OVER AND OVER AGAIN
Overvalued/Undervalued Ratio 4/20/2016Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
Crude Oil 4/20/2016I hope you are not short oil, because it just broke above a major line. Watch the lines.
Oil formed cup & handle Because there's no agreement and because there is no oil strike this makes no sense to me ... BUT we are going UP so I'm gonna put my money where my chart tells me to. PT 45.13
WTI thru 2016WTI historical patterns support this potential move since this commodity tends to overshoot its highs and lows. The result is a more dramatic return to balance.
Long Term Drop StudyThis is a study of historical drops. Looking at it as supporting the supposition of $60 WTI by years end.
Amadeo Ratio 4/19/2016Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.
"CRUDE FOLLOWUP" $CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO TIME CAME IN AND PANIC SOLD DOWN TO SUPPORT.
TO CONINUE THE ADVANCE WE NEED TO STAY ABOVE BOTH PIVOTS
OR A SIDEWAYS RANGE WILL POSSIBLY DEVELOP MORE IT SHOWS IT AGENDA.
SPY/XME/USO/GLD/SLV Ratio 4/18/2016 (All-Time View)Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
SPY/USO/VXX/GLD/SLV Ratio 4/18/2016 (Short-Term View)There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
SPY/USO/VXX/GLD/SLV Ratio 4/18/2016 (All-Time View)There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
USOIL 4HR Chart shows why price & momentum precede newsChart shows 4HR price chart of USOIL-2.52% with RSI .
Divergences are noted on chart.
Key idea to keep in mind: The market has price and momentum movement that creates the window of r a new item to catalyze a move. Look at the fat bullish divergence that was in place prior to the "Freeze Tweet" that sparked the rally. If you look at the chart, the market was primed and ready to rally prior to that tweet.
Now look at the bearish divergences setup prior to the now-failed Doha meetings that just concluded. Notice the market has positioned itself for a price fall, with the momentum decline on higher price that makes up a bearish divergence?
Lesson? Listen to price and momentum. News often provides the justification for the next market move.
SPX -- buy the Rumor, Sell the RumorSPX has a potential to retrace as speculative market participants run for the exits having realized that all of the momentum available for the DOHA "oil-card" has already been played out...
Massive "M" in WTI / OilUSOIL appears to be forming a massive M pattern, which suggests much lower prices.. SPX will follow this issue down, IMO. Not a rec to buy or sell.
Short USOIL idea, short under $44...According commodities king Dennis Gartman we now have a great oil short opportunity... The 44$ line known as "Gartman Resistance" provides a "guarantee" resistance for WTI crude, until Dennis Gartman is alive...
Suggested Entry Price: any under $44.
SL: Gartman's death...
CRUDE UPDATE$CL_F $USO $DWTI $UWTI $Oil $XLE $DTO $UCO $CVX $XOMPRICE STRUCTURE AT "POTENTIAL RESISTANCE"
TIME IS APPROACHING ....
TRADE THE DEFINED PARAMETERS ON PRICE ACTION.
IN THE CENTER OF THE RANGE IS THE "KILL ZONE"
