{"id":369768,"date":"2016-05-15T11:59:47","date_gmt":"2016-05-15T15:59:47","guid":{"rendered":"https:\/\/goldtadise.com\/?p=369768"},"modified":"2016-05-15T20:46:55","modified_gmt":"2016-05-16T00:46:55","slug":"wtic-crude-cycle-8","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=369768","title":{"rendered":"WTIC Crude Cycle"},"content":{"rendered":"

Crude is making a bullish move here but many of the TA indicators I am looking at on the weekly show we are potentially overbought near term. <\/p>\n

The last two ICs topped on week 7 and were left translated (failed) making a lower IC Low. We are now on week 13 and about where we might see a move into a half cycle low. A higher Intermediate Cycle Low in the July\/Aug timeframe, however, would be an additional signal that Crude has ended its Bear Market.<\/p>\n

First two charts show the bullish move over different time scales.<\/p>\n

\"Screenshot<\/a> \"Screenshot<\/a><\/p>\n

Despite the ugly fundamentals for Crude, a higher Intermediate Cycle low in the July\/Aug timeframe would help signal that the broader CRB is starting to bottom.<\/p>\n

(Note: My 3rd chart below mentions “Oversold” but should say “Overbought” in the text box)<\/p>\n

\"Screenshot<\/a> \"Screenshot<\/a><\/p>\n

Added:<\/strong>
\nhttp:\/\/www.bloomberg.com\/news\/articles\/2016-05-15\/oil-drillers-betting-three-month-crude-rally-is-nearing-the-end<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Crude is making a bullish move here but many of the TA indicators I am looking at on the weekly show we are potentially overbought near term. The last two ICs topped on week 7 and were left translated (failed) … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2671,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-369768","post","type-post","status-publish","format-standard","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/369768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2671"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=369768"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/369768\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=369768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=369768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=369768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}