The Official EminiForecaster forecast for the trading week ending October 17th has been posted.

There are no changes to the forecast. We expect the market to decline into mid to later part of next week and then rise from there.

Cycling below the 1934 area is bearish, above it is bullish. We are currently bearish.

The volatility has been rising in recent days which is bearish and at about 38 points per day, about 12 more than last week.  Also keep in mind the months from June 17th into about October 17th are often higher volatility months (particularly in up years) but this will typically be proceeded by higher volatility which we are seeing at this time.

Our projections for the coming week are showing 1950 above and the low end is showing 1875 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1909 is bearish. An open above 1925.25 is bullish. In between these levels is neutral and ranging is more likely.

We have a fairly busy report schedule Wednesday-Friday next week with no reports on Monday or Tuesday of any measure and Monday being a bank holiday. Be sure to check the schedule for times:

In order to view last week’s history, click here:

EMF Team

P.S.  If you are interested in trading crude oil or learning about oil trading, visit