Crude Oil WTI - CLZ2014 - Daily Time at Mode Analysis
Analysis of the downtrend from the high in June:
Initial 6-day mode sets up and target reaches - both time and price.
The next mode sets up at 99 and is 11-days and both time and price projections are met.
Another 11-day mode sets up and almost reaches the projected target before rebounding and collapsing after 11-days expires.
A new 14-day mode sets up at 93 and day-1 of this 4+ dollar range projects a drop to 89 in the next 13 days (today is day 1).
Tim 91.32 -1.08 - basis December Crude Oil - 2014
Initial 6-day mode sets up and target reaches - both time and price.
The next mode sets up at 99 and is 11-days and both time and price projections are met.
Another 11-day mode sets up and almost reaches the projected target before rebounding and collapsing after 11-days expires.
A new 14-day mode sets up at 93 and day-1 of this 4+ dollar range projects a drop to 89 in the next 13 days (today is day 1).
Tim 91.32 -1.08 - basis December Crude Oil - 2014
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