The Case for Crude Oil. A Wyckoff Case Study | Bruce Fraser (04.14)
Power Charting with Bruce Fraser • 26m
Crude Oil futures are the subject for this integrative Wyckoff case study. With vertical bar chart analysis, Point & Figure horizontal count studies and trend channel construction a historical analysis is conducted. This case study illustrates how the Wyckoff Method integrates these techniques into a power trading process.
The analysis spans the period from prior to the COVID event to the present. Current price activity points to the potential for the recent decline in price to be complete.
Note: This analysis is not a recommendation to trade futures or Crude Oil. Futures trading entails significant risk. While the trend of crude oil has far reaching impacts on many stocks, industry groups and the entire economy. Next episode Johni Scan (John Colucci) will profile scans that identify Oil Stocks that have leadership qualities and dividend yield characteristics.
Connect with Bruce -
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyckoff/
https://twitter.com/rdwyckoff
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