Petros Steriotis

Crude Oil is at 1.5-month highs and on the way to challenging the 61.8% Fibonacci of the big April-May dive. Original Post

After losing $15/bbl in a matter of 2 months, Crude Oil is trying to react and is currently facing the first big diagonal resistance from that deep dive. Original Post

When you see such a rising wedge on the S&P 500 Futures chart after such a huge rally, maybe you can talk about irrational exuberance. Beware! Original Post

The long-term rangebound EUR/USD seems to be preparing a big move out of this symmetrical pattern be it due to political or interest rate reasons. We will see. Original Post

Patterns like the one that Crude Oil is currently forming “usually” take place prior to market reversals. The bear characteristics of the market still prevail though and the bulls need a serious...

The March and May highs of the S&P futures have created the suspicion of a bull trap as the May breakout has been invalidated in the last sessions. The uptrend line that starts at the April lows...

The old (March/April) S&P futures all-time high is significant for its role as resistance-turned-support. In the current uncharted territory, technically-oriented investors refer to this price for...

Crude Oil marked a break below this year’s uptrend line, with the bears still having the upper hand in all time frames. Original Post

Crude Oil has formed a double local bottom at $77/bbl, but the overall trend remains down and susceptible to further weakness as long as the market stays below $80.Original Post

Crude Oil closed another difficult week on the technically critical uptrend line of the last 6 months and this is no coincidence. Market participants are looking confused as the short-term trend...