Crude Oil Technical Analysis

APF Trading

CRUDE OIL REPORT
25 January 2011
Crude Oil Report
- Ichimoku Kinko Hyo and DeMark Analysis


Weekly Charts Analysis
Crude oil showed a Perfected Sell Setup (Red Arrow) and a TD Combo count 13 completion in th e
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same week (Apr 2010). Perfected sell setup has a high probability of a 1 -4 bars correction while TD
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Combo 13 countdown completion suggests market exhaustion. Markets then proceeded with a sell
Singapore 049910
off to reach the Kumo cloud which provided support for crude prices.


Glenn Ho
Kumo cloud support region was respected. TD Combo Risk Level due to the Apr 2010 TD Combo
glenn.ho@apftrading.com
countdown completion stands at 90.06. Crude price is hovering around the risk line early this year.

At Friday's close, a buy setup was initiated. Watch for qualified breakouts of the risk line in coming
Jay Ng
months. A qualified breakout (represented as a solid line vs a dotted line here) early in the setup
jay.ng@apftrading.com

would suggest a good chance of the completion of the setup and countdown.

Website:

www.apftrading.com
www.asiapacfinance.com

Figure 1. Weekly Chart (TD Combo)

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APF Trading

CRUDE OIL REPORT
25 January 2011
The reason why we are cautious of a breakout higher is due to the bullish picture painted by the
Ichimoku Kinko Hyo. Since the Tenkan Sen crossed above the Kijun Sen in July 2010, prices
advanced about 20%. Chikou is well above prices at the moment and the future Kumo is bul ish as
well
Watch for a pul back to the Kijun Sen for the next possible entry point.

Figure 1. Weekly Chart (TD Sequential)
The appearance of the TD Sequential countdown completion followed by the confirmation of the TD
Combo countdown completion was a good sel entry back in April 2010 with a possible stop slightly
above the risk line at 90.06.


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APF Trading

CRUDE OIL REPORT
25 January 2011
Daily Charts Analysis
On the smaller timeframe (daily), The current TD Sequential Risk Level is at 93.25 while prices are
on count 3 of buy setup. Formation of the Kumo is giving good support, similar to the longer time
frame.

Figure 1. Daily Chart (TD Sequential)


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APF Trading

CRUDE OIL REPORT
25 January 2011
We then turn to the daily TD Combo. Risk Level is at 92.93. These are key levels to be keep a
lookout for price actions.
APF Trading Pte. Ltd.
9 Battery Road
12F Straits Trading Building
Singapore 049910


Glenn Ho
glenn.ho@apftrading.com

Jay Ng
jay.ng@apftrading.com


Website:
www.apftrading.com
www.asiapacfinance.com

Figure 1. Daily Chart (TD Combo)








APF Trading is a trading advisory firm offering clients advice on multi-asset trading strategies,
signals, trading systems, execution services and trading platforms. The firm also conducts research
and technical analysis with a focus on Ichimoku Kinko Hyo and DeMark Indicators.

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