WTI Crude: Next Week’s Levels, Now. 22Mar

Our weekly TPO profile graphics for 15Mar.
Plotted are Structural Support (blue), Resistance (red), and Points of Control (green).

The graphs show the Feb distribution breakdown
& directional phase from 95s, identifying the 
longer term shift in market development.

The directional phase ended with the structural development
of the Mar Stopping Point at/near 89.30s, beginning

the current balance phase, 89.30s-94s in the Mar distribution. 

Our weekly statistical study plotting the key reference levels/weekly close for 15Mar, projected levels and inferential analysis for week ending 22Mar. The studies projected support levels included: 92.33, 92.05, 91.78.

Result?…

The market auctioned lower early this week from last week’s Settlement, 93.45s, trading toward the Weekly 1st Std Dev Low, 92.05s, achieving the Stopping Point as the monthly contract roll took full effect. 

The market balanced for the remainder of the week as the market processed the FOMC narrative and the banking crises in Cyprus, short covering into the weekly close at/near 93.70s. The below average range behavior for the week was somewhat expected as contract roll coupled with an FOMC day (here) tend to produce market sound & fury with little actual movement.

Knowledge of the development of the balance phase in the monthly timeframe coupled with the levels of structural significance, 93.80/.50s & 92s, informed our subscribers to the likely balance phase in the event of failure to breakout above the key structural resistance. This insight coupled with the statistical levels provided quantifiable, potential destinations and strategy (range trades) in congruence with the market structure.

These graphs provide a holistic view based on the market generated data, not opinion.
They facilitate trade efficiency and minimize asymmetric risk. 

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