Oil retrace probability high, historically #timecycle Notes.

May 13, 2018

Oil came near weekly simple model target. Historical probability high for retrace. #timecycle USOIL WTI USO #OIL

Not always will trade retrace on the other side of an important time-cycle, but more often than not it does.

This is a considerable time cycle / time frame (Weekly)... so it is structurally significant and likely to follow probability base on history of the charting.

However, the recent / current trade of oil has been bullish to say the least.

But worth a look and some consideration, if nothing else, short term heads up.

Best

Curt

May 20, 2018

Note

Going back to 2002, 12 out of last 13 major time cycle completions on weekly oil chart (weekly is significant structure) have seen a trend reversal to some extent or another (detailed post on deck) FX USOIL WTI $CL_F #OIL #CL UST DDWT USO UCO #OilTrading

twitter.com/curtmelonopoly/status/998007063103131654

I curbed / trimmed oil long bias here... published May 13 "Oil retrace probability high, historically #timecycle Notes." Anyway... working on the detailed blog post now - should be important week. FX USOIL WTI $CL_F #OIL $UWT DDWT USO UCO #OOTT #Oiltrading

May 20, 2018

Note

The link to the updated oil chart for weekly structure.

FX USOIL WTI $CL_F #OIL $UWT DDWT USO UCO #OOTT #Oiltrading

May 20, 2018

Note

Feature Post: 12 of Last 13 Oil Chart Time-Cycles Have Trend Reversal. USOIL WTI $CL_F USO UCO $UWT DDWT #OIL #OOTT compoundtrading.com/feature-post-12-of-last-13-oil-chart-time-cycles-have-trend-reversal-usoil-wti-cl_f-uso-uco-uwt-dwt-oil-oott/

Jan 13, 2019

Note

It happened again:

Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F USO $UWT DDWT

Previous Crude Oil Time Cycle Special Report for Context:

Feature Post: 12 of Last 13 Oil Chart Time-Cycles Have Trend Reversal. USOIL WTI $CL_F USO UCO $UWT DDWT #OIL #OOTT

compoundtrading.com/feature-post-12-of-last-13-oil-chart-time-cycles-have-trend-reversal-usoil-wti-cl_f-uso-uco-uwt-dwt-oil-oott/