Crude completing B or new leg up? Rieki suggests bottoming

Mukul Pal ·


WAVES.OIL is a perspective product published monthly. The report covers BRENT, WTM, XLE (Energy SPDR), top energy stocks, Natural Gas and related FUTURES. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators.
REUTERS RICS: BRT-, WTM- , .XLE , CVX.N, XOM.N , IPNG , NG-P-CALPerformance cycles is a term coined by Orpheus Capitals. This is another name for time triads, time arbitrage, time fractals but expressed in terms of relative performance. It’s a bounded oscillator that moves in a range say from 1 to 50. 1 is top relative performance and 50 is worst performance. The idea is that performance is cyclical. A top performer will underperform in future and vice versa. A top relative performer is also the worst value pick and the top relative underperformer is the best value pick.

Vivek is a qualified Chartered Accountant (Institute of Chartered Accountants of India). Vivek is passionate about Technical Analysis, a self taught Elliott Wave Technician. He conducts technical analyis on a variety of financial instruments on his blog vivekoutlook.blogspot.com. He will be covering commodities for Orpheus Research. Vivek has worked with BDO Consulting in Oman, as Business Consultant working on feasibility studies for expansion projects for companies. He has worked with Irevna – Division of CRISIL conducting fundamental analysis – sell side analysis – of Information technology companies.