EMA20 has an upward slope and the median line has advanced. The October and April downtrend lines are intact, but PA is now close to the April line.

WTI Crude Oil Trading

Very nice analysis. I agree.

Hurricane Watch

The 1100 ET charts show highly probable impact on Florida, but Dorian could turn north before even crossing the state. So, possibly no significant disruption for oil production.

WTI Crude Oil Trading

The 1100 ET charts show highly probable impact on Florida, but Dorian could turn north before even crossing the state. So, possibly no significant disruption for oil production.

Hurricane Watch

ATM, EMA20 has an upward slope and the median is advancing.

WTI Crude Oil Trading

It has to cross EMA20 (~55.40) bringing out a Red Arrow to reach 55.

WTI Crude Oil Trading

I'm in N Florida now. Some hurricanes have followed me up here.

Hurricane Watch

ET, I rode out Andrew in Miami, about 5 miles north of the very worst of it. The current projected track for Dorian goes over where I live, but, as you wrote, it is highly unlikely to get here. That was a great analysis of oil price behavior. Buy ...

Hurricane Watch

Green Arrow is the boss.

WTI Crude Oil Trading

[dup from WTI thread] If Dorian crosses Florida into the Gulf of Mexico, offshore rigs will be closed and evacuated, and some refineries typically shutdown for a while. Not a big thing on the national/global scale, but traders often make an issue of ...

Hurricane Watch

If Dorian crosses Florida into the Gulf of Mexico, offshore rigs will be closed and evacuated, and some refineries typically shutdown for a while. Not a big thing on the national/global scale, but traders often make an issue of it. (Being from South ...

WTI Crude Oil Trading

A new Green Arrow for today.

WTI Crude Oil Trading

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WTI Crude Oil Trading

Dow is ~5.7% off of high, 'should be' heading lower, but BTFD is not dead.

WTI Crude Oil Trading

Since Sunday open, oil follows equities, which also is irrational--good news is good/bad; bad news is good/bad. When equities do break, min of 20%, oil will likely follow for a while, possibly a long while. Meanwhile, my trades are brief.

WTI Crude Oil Trading

The best assessment of current and coming economic conditions that I have seen recently: url

WTI Crude Oil Trading

There could be a lot of action right at the 1800 ET opening. Scalpers would be delighted with trump if they could just anticipate his moves.

WTI Crude Oil Trading

The October and April trend lines for perspective.

WTI Crude Oil Trading

How do those Red Arrows and Green Arrows appear on my charts? Easy: When the median and close both cross EMA20 in the same bar, an arrow appears. Subsequent wobbling around EMA20 is ignored for a while. I was out on errands Friday, so missed all the ...

WTI Crude Oil Trading

The new Red Arrow on Thursday was timely, although I was not very confident about it--PA was wobbling at the time.

WTI Crude Oil Trading