{"id":135106,"date":"2018-10-08T09:30:42","date_gmt":"2018-10-08T13:30:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135106"},"modified":"2018-10-08T06:51:26","modified_gmt":"2018-10-08T10:51:26","slug":"will-oil-follow-historical-patterns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/will-oil-follow-historical-patterns\/","title":{"rendered":"Will Oil Follow Historical Patterns?"},"content":{"rendered":"
October 8, 2018<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Our research team, at\u00a0Technical Traders Ltd.,\u00a0has been very interested in Oil recently as the current rally appears to have rotated lower near a top.\u00a0 Our predictive modeling systems, predictive cycle analysis and other tools suggest Oil\/Energy may be setting up for a downward price trend.\u00a0 This may be an excellent opportunity for skilled traders to identify profitable trades as this trend matures.<\/p>\n

This Daily Crude Oil Chart shows our Predictive Cycle Modeling system and shows the projected price cycles out into the future.\u00a0 One can see the downside projected price levels very clearly.\u00a0 This cycle analysis tool does not predict price levels, it just predicts price trends.\u00a0 We can\u2019t look at this indicator and think that $72 ppb is a price target (near the right side).\u00a0 We can only assume that a downward price cycle is about to hit and use historical price as a guide to where price may attempt to fall to.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Using our adaptive Fibonacci price modeling tool, we can see from the chart below that downside price targets are currently near $72 ppb, $67 ppb and $65 ppb.\u00a0 Therefore, we believe the $72 price level will become the first level of support, where our price cycle tool suggests a small rotation may occur, and the $67 price level may become the ultimate downside target level.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

We believe the current price rotation in Oil\/Energy may be setting up for a decent downside price move with a lower price target at or below $67 ppb.\u00a0 Historical data shows that this type of price action, downward, at this time is historically accurate and predictable.\u00a0 If you want to know how you can profit from this move and learn how our research team continues to find and execute superior trades for our members, visit\u00a0www.TheTechnicalTraders.com<\/u><\/strong><\/a>\u00a0to learn more.<\/p>\n

Chris Vermeulen<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Our research team, at\u00a0Technical Traders Ltd.,\u00a0has been very interested in Oil recently as the current rally appears to have rotated lower near a top.\u00a0 Our predictive modeling systems, predictive cycle analysis and other tools suggest Oil\/Energy may be setting up for a downward price trend.\u00a0 This may be an excellent opportunity for skilled […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-135106","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=135106"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135106\/revisions"}],"predecessor-version":[{"id":135107,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135106\/revisions\/135107"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}