Crude Oil (CL, NYMEX) : Heading Towards 103.00Monthly Cycle...

Crude Oil (CL, NYMEX) : Heading Towards 103.00

Monthly Cycle Pivot Center : 86.84 - 91.15 - 98.93
Normal Lower Limits : 67.02 - 76.99 - 81.91
Normal Upper Limits : 105.30 - 106.65 - 115.95

Weekly Cycle Pivot Centers : (96.96) - (101.49) - (103.00)
  Normal Lower Limits : 89.06 - 91.42 - 93.43
Normal Upper Limits : 104.87 - 111.56 - 112.57


Directional Indicator : 86.84 - [88.55] -  90.20* - 90.86* - 91.15  - [91.18] - 93.60* -  (96.96) - 98.93 - [99.94] - (101.49) - (103.00)
Significant Levels are 93.60* - (96.96) -  98.93 - [99.94] - (103.00)

Remarks : The market momentum is very strong when it is able to close above [99.94] in the New York session. It is likely that the market will challenge the weekly cycle pivot center at (103.00). The weekly cycle normal upper limits at 104.87 - 111.56 - 112.57 would serve as a short term resistant points.



Weekly Cycle Reference (98.81) : ... 89.06 - 90.38* - 91.69 - 92.35 // 93.01* - 93.67 - 94.33 - 94.99 - 95.65* - 96.30 - [96.96] - 97.62 - 98.28* - 98.94 - 99.60 - 100.26 - 100.92* // 101.57 - 102.23 - 103.55* - 104.87 ...

Weekly Cycle Congested Area : (83.41 - 87.93 - 92.45 - 96.96 - 101.48 - 105.99 - 110.51)

Remarks : The weekly cycle congested area indicates that it has a tendency to trade between 96.96 - 101.48. The market momentum is strong when it is above the weekly cycle pivot center at (103.00). On the hand speculative selling pressure will increase when the market is trading below the weekly cycle pivot center at (96.96).



Crude Oil : Monthly Cycle Charts
http://www.qindex.com/crude-oil.html
Albert Cheung (Ph.D.)