Bullish Energy


The energy sector continues to develop bullishly.


Tuesday was day 9 for the daily oil cycle. Oil broke above the declining trend line which delivers final confirmation of the new daily cycle. Oil also closed above the upper daily cycle band. This signals an end to the daily downtrend and confirms that oil has begun a new intermediate cycle.

NATGAS appears to be bottoming as well.


NATGAS printed its lowest point on Friday, following the day 6 peak. NATGAS formed a swing low on Monday and then closed above the lower daily cycle band on Tuesday to indicate a new daily cycle. While Friday was only day 16, which is a bit early for a DCL, it does follow an extended 43 day daily cycle. So a 16 day cycle would help to even out the cycle counts. Now a break of the declining trend line will deliver confirmation of the new daily cycle .


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s