4xForecaster
Short

$WTI Still Intent On 50.44 Support | $USOil #oilandgas $Brent

FX:USOIL   Crude Oil (WTI)
860 12 12
Ge             . completion at 5-prime calls for off-set target at the 50.44/50.08 range. Interim gap was filled, and a higher structural high ensued. Still, bears are crowding the level, raising expectation of a decline from this vicinity.


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David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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LinkedIn:
David Alcindor
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NOE: Recent oil             chart:
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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
09 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USOIL hit all 4 targets; Interim rally probable capped at 38.6%, L/T remains bearish:

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$WTI #crude #oil #oilandgas
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David Alcindor
Reply
03 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USOIL hit last third target in H4; Larger TF still aiming lower:

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#usoil $WTI #wti #crude #oil #oilandgas $brent
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David Alcindor
+1 Reply
02 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$USOIL nears 3rd and last bearish target at 45.67; Bears meet resistance:

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$WTI #wti #crude #oil #oilandgas #usoil
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David Alcindor
+3 Reply
02 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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$USOIL rolled as forecast; Nascent Wolfe Wave in sight; Bears in charge:

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$WTI #crude #usoil #oilandgas #oilprices
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Tech-Note: The geometry has been modified with plots moves to the right. Regardless, the move remains that of a consolidation, which is where Wolfe Wave and Geo reside. Both of these background geometries are used to best forecast the internal direction of price, even though the Predictive/Forecasting Model - which stands at the foreground of the analysis - remain in force with bearish targets intact.


David Alcindor
+1 Reply
10 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
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$USOIL remains capped < $62.00 at geometry; Predictive Model remains BEARISH:

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$WTI #crude #oil #oilandgas #usoil
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David Alcindor
Reply
21 APR 2015 - Update:

Hello TV'ers,

At the request of several traders, you may have noted that as of today (21 APR 2015), I have started to assign a thread for each Forex pair, so that it facilitates following the analyses. Therefore, from here on, I will make sure to develop a chart for each of the Forex pair, although I will also start posting individual index, stock, and commodities.

If there is a particular chart you'd like to share, please, do not just post the link. Simply use the icon in the right upper corner of the writing window, and cut/paste its URL. If there is a chart you'd like to bring up from another thread, simply right click on it, chose "Copy Link Location", then within that icon in the writing window, paste it, then click "Insert" ... It will show up as the URL address (i.e.: https://www.tradingview.com/xyz123 ... ) framed by  within your text, but it'll show up as an image once "Post Comment" is clicked. If only the URL is posted without a visible chart, I am not likely to open it, nor would others, since we all go through so many of these charts in any given day. Make it easy for the sake of those who would enjoy your posting, comments and astute charting.

One last thing: If at all possible, try to make your chart as simply looking as possible. There is no need to mention your directional opinion, your feelings about a direction, or what you believe price should do, especially when supported by a myriads of complex and colorful indicators. Charting should never have to reveal the tools you used to arrive at an analysis. It should simply point to the bare essentials, stating a cause/effect, a before/after, or a single, simple point of discussion. I strive to deliver my charts to you in as simple a presentation as possible. The complexity of the predictive model, the technical tools, and other abstract elements are usually removed out of sight, not so much to keep it clean, but to have less "stuff" between you and me, so as to appear that I am here with you, and intentionally sharing something in the clearest and closest fashion as can be delivered.

My goal is nothing short than to introduce you to a different approach, look and activity surrounding charting, technical analysis and predictive analysis. But I want it to be of benefits to the largest number of other readers, students of the market as we all are, daily and incessantly.

I very much appreciate your following thus far, and look forward to more challenging queries.

Best,


David Alcindor
+2 Reply
Are you already shorting or waiting for confirmation?
+1 Reply
@LighthouseKeeper - I do not trade any of the commodities, but I use then as impactful correlations to certain currencies, since they represent the major rationale for price moving events.

David
+2 Reply
Yahia.Awes 4xForecaster
Hi David,

Allright I understand, with what currency is crude oil correlated with?
+1 Reply
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