WTI Crude: Next Week’s Levels, Now. 14Jun

Our weekly TPO Profile graphics for 07Jun. 
Plotted: Structural Support (blue), Resistance (red), and Points of Control (green).

The graphs show the monthly timeframe development (left)
of May’s Balance phase, 90s-97.30s, followed by the early Jun
buyside directional phase, 91s-96.50s. 

Last week’s buyside directional phase (right) into Major Overhead 
Structural Supply Cluster implied potential for Balance & challenge of 
Key Structural Resistance into this week’s auction.

Our weekly statistical study plotting the key reference levels/weekly close for 07Jun, projected levels and inferential analysis for week ending 14Jun. 


The market auctioned lower from last week’s Settlement, 96.05s, early in the week achieving the Stopping Point, 94.05s, at/near the Wkly 1st Std Dev Low. Following a Structural Buying Tail at the low, initiated buying drove price higher through midweek achieving a Stopping Point at/near 97s.

Following the Stopping Point & Balance, 97s-96.40s, initiated buying entered (further supported by the geopolitical narrative of US oil & military aid to the Syrian Supreme Military Council), driving price higher achieving the Stopping Point, 98.25s, at/near the Wkly 1st Std Dev High. The market balanced, 98.25s-97.60s, closing the week at/near 97.85s. 

Ultimately, this week’s auction did encounter responsive selling early week at the prior Major Structural Supply Cluster, 94.50s-97.30s. The price discovery lower led to buying interest that drove price higher to challenge the Key Structural Resistance, as inferred. Finally, buying interest drove price above the Major Structural Resistance, 97.50s, setting up the potential for a new directional phase higher. 

These studies helped inform our subscribers of the structural significance of the Major Overhead Supply Cluster, 94.50s-97.30s, and the likelihood of the sellside response in this area. Knowledge of this data helped frame strategy (short early week, exit at Structural/Statistical Support and/or long from Support toward Key Structural Resistance & Wkly Statistical Resistance Levels) and provided quantifiable destinations in congruence with the market structure. 

Holistic analysis based on the market generated data and probability logic. 

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