Eddie Tofpik's Technical Analysis Presentation at Energy Trading Week Europe - London - Sep 2026

At the recent Energy Trading Week Europe Conference in London I took part in a Technical Analysis panel and as part of teh session I presented my immediate thoughts on ICE Brent Crude Oil Futures...

Transcript

1. 24th September 2026 Eddie Tofpik MSTA, ACI-UK Member Head of Technical Analysis & Senior Markets Analyst Can Technical Analysis cope with Volatile Energy Markets?
2. A Message from my Head of Compliance Mr. Philip Llewellyn
3. A Message from my Head of Compliance Mr. Philip Llewellyn “Please kindly let everyone know…that what you are about to present are your own personal thoughts and views… …and not those of ADM, Archer Daniels Midland, Wild Flavors, Probiotics, Neovia or ANY other part of the ADM Group…”
4. A Message from my Head of Compliance Mr. Philip Llewellyn “Please kindly let everyone know…that what you are about to present are your own personal thoughts and views… …and not those of ADM, Archer Daniels Midland, Wild Flavors, Probiotics, Neovia or ANY other part of the ADM Group…” “…now get on with it…”
5. Let me show you something… …S C A R Y…
6. This is MY Daily Chart for… ICE Brent Crude Oil Futures (Front Month Continuous)
7. SCARY…isn’t it! Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
8. I realised a long time ago…that though this helped me each day…it does not look good when I try showing it to anyone. Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
9. Let me show you what I usually send out! Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
10. As you can see…it is a lot simpler! Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
11. So what can we see here? Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
12. The immediate Pattern, is the Dark Blue early July – early August Bullish Schiff Pitchfork which shows the immediate Bullish Angle of Attack. The Dark Blue Upper (116.76), Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!) Middle (103.21) & Lower (89.66) Tines.
13. 2 other bigger Pitchforks for the mid December 2025 – start of July 2026 action also show the way. The Bright Pink Bullish Andrews Pitchfork & the Bright Green Bullish Schiff Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!) Pitchfork.
14. Near the market, we have the Bright Green Middle Tine (105.09), which capped prices in July, whilst below & above we’ve the Bright Pink Lower (90.47) & Upper Tines (126.26). Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
15. As you can see, the Dark Blue Lower Tine + the Bright Pink Lower Tine provide seemingly strong Support below, along with the 38.2% Absolute Fib & various MAs. Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
16. The Bright Red Neckline extension (107.84) gave Resistance in mid September, eroding attempts higher. It is notable that apart from the Dark Blue Upper Tine, the Bright Pink Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!) Middle Tine & a Neckline Extension (121.07)
17. We don’t have that much Resistance overhead. We have to rely on the exhaustion of consistent rising prices before we see any slowing on the upside right now. Data and Charting Package : Refinitiv Eikon (…but these are MY Charts!)
18. Though this was not a TA Classroom…I would like to let you know where you could find more information about…Technical Analysis… If you like what you saw and would like to know more… …then please look HERE…or contact me… …you may wish to use your camera phones… WWW.TECHNICALANALYSTS.COM
19. Here’s the FINAL bit….
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21. Eddie’s Crayons... Daily, Weekly & Annual Technical Analysis Commentaries on FX, Commodities & other markets… +442077168201 & +31320788380 eddie.tofpik@admisi.com @EddieTofpik