Weekly Report 12

Hello everyone,

I'm still not 100%, but  Ireturn to the weekly routine. As usual in this analysis we analyze assets that are directly related to the Oil WTI that will give us clues about the behavior that we expect for this commodity in this week, quirky since the arrival of Holy Week the volume is reduced and from Thursday will be closed markets and reduced working hours. So let's see the reference assets.

Dollar Index:

As you see the strategy I set a couple of weeks is about to be fulfilled, it is expected that a level reaches 94.00 I hope to see the active performs a rotation to the top of the channel. Loss level 93.00 would very bullish for crude. And everything seems to point in this direction as the Fed has changed the bias and falls squarely in the currency war. I said both graphical level Macro level I expect the price to test the level fence from 94.00 to 93.00.

Vix:

Continues to move in the bearish channel I had set and is approaching an important support area, below 12.00 is very difficult to see this asset, rarely since 1991 has been below the level 10,50. This does not mean that if it does not rebound if things go well could be in range at this level. Which would take the American Indexes upward and against macro growth data. So far the Vix has room to continue its downward trend, the first sign of the end of this little party we have lived in this month will break the bearish channel.

Monthly Oil:

With a Doji Morning Star in training and 2 candles rejection in support area little more can be said of this graph. Therefore bullish facing its first hurdle 40.00 area. Close above 41.50 will open the door to new impetus to the area from 48.00 to 50.00.

Oil Weekly

More of the same, we see the strength of the trend with the last 2 blue big candles range, while the price is within the channel, bullish undoubtedly perhaps it can take this week to make a little break. Pullback and resume the trend.

Oil Daily:

38,00 is the area to watch since the last session the bearish Oil around Wti therefore we can expect a restesteo area 38,00.

The second stop is 36,00 and 34,00 third loss this level would change the analysis and I would be bearish.

In short, I hope perhaps falls Monday, Tuesday for retest from 38,00 and back to the uptrend.

Please note that we are in Easter and the Chiefs have gone so are the head of the negotiating table are the 2nd not usually cause large movements and therefore do not expect a sell-off as August, something that would be rare and much less in a week of low volume.

Good Bye and Good Trading.