Natural Resource Stocks host Steve Yang sits down with Patrick Karim, co-founder of Northstar Bad Charts, to discuss why the best trades come from “evidence over emotion.” Patrick is a well-known technician in the macro and commodity space whose chart-driven approach has earned him a global audience of investors and traders following his “weight of evidence” method. With more than two decades of experience analyzing price structures in metals, energy, and currencies, Patrick combines long-term macro cycle analysis with disciplined charting to filter out the noise of mainstream headlines. His work has been featured on dozens of financial platforms and podcasts, where he translates complex macro data into clear, visual evidence for decision-making.
In this conversation he breaks down the current technical setup in crude oil, natural gas, Exxon Mobil, and Shell, explaining why energy markets could be poised for major multi-year breakouts. He demonstrates how to use USL, the 12-month oil futures ETF, to smooth out front-month volatility and identify cleaner trend confirmations around the 38–40 range. Patrick also highlights how his price-ratio studies between oil and silver reveal long-term value zones and warn against headline-driven reactions to spikes like “$300 oil.” The discussion covers macro context, chart psychology, and the discipline needed to let evidence lead every trade.
👤 Guest
Patrick Karim — Northstar Bad Charts
Patrick Karim is a Canadian market technician and macro chart analyst known for his visual and data-driven approach to markets. At Northstar Bad Charts, he and co-founder Kevin Wadsworth produce independent research focusing on gold, silver, oil, commodities, and macro ratios that map cycles of inflation and deflation. Patrick’s charts have been featured by numerous investing platforms and his “weight of evidence” framework is followed by traders around the world who value clarity over prediction.
🌐 Website https://northstarbadcharts.com
🐦 X https://x.com/badcharts1
💼 LinkedIn https://www.linkedin.com/in/patrick-karim
🎧 Podcast https://open.spotify.com/show/7qLUOhyXSKQQHEhwnTXL3w
🎙 Host and Channel
Natural Resource Stocks — Official Channel
🌐 Website https://www.NaturalResourceStocks.net
📺 YouTube https://www.youtube.com/@naturalresourcestocks
🐦 X https://twitter.com/NRS_Stocks
💼 LinkedIn https://www.linkedin.com/company/natural-resource-stocks
Andy Millette — Host & Producer
🌐 Website https://www.NaturalResourceStocks.net
🐦 X https://twitter.com/AndyMillette
💼 LinkedIn https://www.linkedin.com/in/andymillette
Steve Yang — Co-Host
🐦 X https://twitter.com/SteveYang_Market
💼 LinkedIn https://www.linkedin.com/in/steveyang88/
🧭 What We Cover
- Oil’s century-scale trend vs gold and silver — why $300 oil is not “the end of the world.”
- Patrick’s “weight of evidence” process and how it keeps traders grounded in data.
- USL explained — how the 12-month crude ETF filters noise and signals true breakouts.
- Shell and Exxon long-term coils and target zones toward $100–$200.
- Natural gas (“the Widowmaker”) breakout setup and why risk management comes first.
- Charting discipline, trend confirmation, and why patient investors win over time.
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