WTIC West Texas Crude Intermediate Oil Daily Chart and Crude Oil CL COT Commitments of Traders Chart

The COT chart breathes in and out in concert with the oil price oscillating higher and lower. The red circles are highs in oil when it is time to short and the green circles are the lows when it is time to go long. What do you think will happen?

The bars on the Commitments of Traders chart are stretching outwards again and very extended hinting that a pull back in oil is likely. The candlestick chart shows how price has violated the upper standard deviation band and needs to check back at the middle band at 59.29 and rising. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note: The COT chart is available from COT Price Charts and annotated by Keystone.