12 of last 13 time cycles in Oil trade had trend reversal. #OIL

May 20, 2018

Weekly Oil Trade Chart Structure

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 blog post on deck).

This structural set-up should not be ignored by oil traders as the weekly chart is a significant structural consideration for long / short bias in oil trade planning and positioning.

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

May 25, 2018

Note

Note: Mid day review will cover oil retrace levels per Feature Post: 12 of Last 13 Oil Chart Time-Cycles Have Trend Reversal. Part 2 with retrace levels specific to this model will be out on wknd. 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/

Jun 4, 2018

Note

Oil Algorithm (Weekly Chart Generation 1 Simple Model). 20 MA and Fibonacci support test in progress. See notes. June 3 1014 PM FX USOIL WTI USO $UWT DDWT $CL_F #OIL #Algorithm #OOTT

Jun 17, 2018

Note

73's to 64's qualifies - important support test this week. FX USOIL WTI $CL_F #OIL #CL $UWT DDWT USO UCO #OilTrading #OOTT