The Energy complex

Nymex long crude short Heating oil distillate spread. This chart uses normal RL's plus what i call 'incident' RL's not associated with any fork & shown in pink (Perhaps in a way they are similar to 'Gibbs' ML's or Ron Jaenish's  Ron Jaenisch take on RL's ?) whereas the grey diagonals are WL's. I have played around with these & wave structure/frequency for some time and the jury( for me) is still out but if you are dedicated enough you should be able to define all major pivots with either ML's or RL/WL's from some fork in some time frame...its there if you look hard enough for it but these 'incident' RL's at least seem to have some correlation with price but to trade them is another story.










NY Gasoline (this chart uses a different method of RL's- a fork from the base of the controlling move with warning lines plus regular RL's from various pertinent forks)











The myriad of forks shown here in this Nymex Crude Oil chart are basically all the major pivots & each with its Schiff & mod Schiff counterparts if applicable. Price seems determined to reach the bunch of CL's of which the blue and steel seem to have the most influence over price and levels to watch are 95.25, 99.20 and most importantly (due to the grey d-s UMLP of a mod Schiff and confluence of other reg ML's) 101.75. Before any of these levels lies a batch of d/s Rl's plus one almost horizontal RL ( see 240 min chart)that has held price for a week or two.






Seen in a lower TF this chart has a more healthy look about it. The grey lines are lower TF ML sets and define smaller pivots.










and two different views of the Feb contract one with a RL grid and the other regular RL/WL's









Lastly being unable to chart the 3:2:1 distillate crack spread (due to my E-Signal package) here is a simple + crude -heating oil & - gasoline.











and the Heating Oil contract itself-