There are a lot of people out there trying to pick the top of oil so I might as well jump into the fray. The two crude oil charts that are shown above are the TD Combo sell signals for the daily and weekly timescales. The daily and weekly have broken the stop loss levels, which shows that crude can still go higher, but I wouldn’t be surprised if this was just a false breakout (nice hedge, eh?).
I tend to prefer TD Sequential for finding buy points, but I think that TD Combo does a better job of picking tops. Go over to MarketTurbulence.com to see some of the recent TD Combo sell signals that nailed the tops of some equities.
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