Reference my last chart analysis for WTI.
______________________________
West Texas Intermediate trading above $70
Leave a reply
Category Archives: Commodities
West Texas Intermediate confirmed breakout above $66
Major trend is up, intermediate trend is up and near-term trend is up. The next test is $70.
Reference the last technical analysis for WTI when it was testing $66.00
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
West Texas Intermediate at major resistance of $66.00
Major trend is up, intermediate trend is up and near-term trend is up.
West Texas Intermediate (WTI), also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. This grade is described as light because of its relatively low density, and sweet because of its low sulfur content. It is the underlying commodity of New York Mercantile Exchange’s oil futures contracts.
https://en.wikipedia.org/wiki/West_Texas_Intermediate
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
Major downtrend for coffee
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
Weekly U.S. field production of crude oil
Link to the data set for the above chart.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
WCS differential to WTI
Rail Crunch Leaves Oil, Wheat Stuck on Canada Prairies
Reference my post from January 21, 2018: Chart showing the monthly average discount for WCS to WTI
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
Natural Gas testing major support. It is still cold outside in the Great White North. What is happening?
Natural Gas 6-Year Chart
https://www.barrons.com/articles/natural-gas-prices-suffer-as-winter-winds-down-1518234133
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
Chart showing the monthly average discount for WCS to WTI
http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices
______________________________