Crude Oil WTI December - CLZ2014 - Daily - Time at Mode Analysis
The most aggressive measurement you can make is from the highest high to the mode and then project down to forecast where the low may occur.
Since my last chart on Crude Oil was posted, crude went from a 14-day mode to an 18-day mode at the $93.07+/- level. The highest high was at the $103.66 level on 6/25/2014. Note the black arrow from the high down to the mode - this was then cloned and used to measure down to where the low was on Friday, at $82.76. The market has reversed course at closed at $85.11.
I thought I would show you this example, and sorry it is not a "forecast" as that would have been nice to show. But these are the kinds of projections that can work.
What do you do from here? Buy another drop to the $83+/- level and target a move back over the next 18 days to the mode at $93.
Tim
10/11/2014 4:57PM EST Saturday
Since my last chart on Crude Oil was posted, crude went from a 14-day mode to an 18-day mode at the $93.07+/- level. The highest high was at the $103.66 level on 6/25/2014. Note the black arrow from the high down to the mode - this was then cloned and used to measure down to where the low was on Friday, at $82.76. The market has reversed course at closed at $85.11.
I thought I would show you this example, and sorry it is not a "forecast" as that would have been nice to show. But these are the kinds of projections that can work.
What do you do from here? Buy another drop to the $83+/- level and target a move back over the next 18 days to the mode at $93.
Tim
10/11/2014 4:57PM EST Saturday
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