Crude Oil

CLE

05/15/2014 – Crude Oil

Issued: 05/15/2014 June crude oil: 1. Our May 12 update forecast an advance in June crude oil from roughly $100.00 to $102.20, then $102.70 final upside target. 2. Yesterday’s (Wed., May 14) session advanced powerfully and completed both the $102.20 and $102.70 final upside targets (yesterday’s session high, $102.65). 3. June crude oil continues to […]

05/15/2014 – Crude Oil Read More »

05/07/2014 – Crude Oil

Issued: 05/05/2014 June crude: 1. June crude has closed daily above the important $98.92 downside level (noted in previous updates) for the past 3 sessions. This is an important early sign for a reversal to the upside. 2. Continued daily closes above $98.92 indicates a test/attempt of $100 (or higher) into late this week. 3.

05/07/2014 – Crude Oil Read More »

04/30/2014 – Crude Oil

Issued: 05/01/2014 June crude: 1. Today’s June crude continued on the recent decline from (approx.) $101.20 and completed the forecast $99.26 downside target (and lower), noted in the April 25 update (today’s session low, $98.74, so far). 2. A daily close today above $98.92 in June crude is the stronger position, below $98.92, the weaker

04/30/2014 – Crude Oil Read More »

04/21/2014 – Crude Oil

Issued: 04/16/2014 June crude oil, 1. June crude oil remains inside the forecast longer-term advance expected into May 2014. 2. While a substantial continued advance remains indicated overall, a test/attempt at $103.00 (or lower) is expected in June crude prior to any substantial continuation move on the upside. 3. Therefore, any test/attempt of and daily

04/21/2014 – Crude Oil Read More »

04/16/2014 – Crude Oil

Issued: 04/16/2014 May crude: 1. Aggressive longs from our April 9 long entry in May crude from $102.70 to $103.74 were instructed to raise their protective sell stop to $102.85 in anticipation of higher prices. The subsequent swing low made yesterday, Tuesday, April 15 was $102.91. 2. Today’s May crude advanced further, making a new

04/16/2014 – Crude Oil Read More »