Crude Cycles Project Top
Crude Cycles Project Top
Jan. 22 – 26 = Multi-Month Peak?
66.77/CLJ Target in Reach.
01/24/18 Weekly Re-Lay Alert:
“Crude Oil, Unleaded Gas & Heating Oil could be in the final stage (or have just completed the final stage) of projected rallies from mid-July & early-Oct. – both of which were forecast to ultimately accelerate into Jan. 2018, when monthly & yearly cycles converge.
Crude has reached & exceeded the primary convergence of 1 – 2 week, 1 – 2 month & 3 – 6 month upside price targets and is fulfilling expectations for a culminating spike up to its monthly LHR at 66.77/CLJ.
A 7 – 8 week low-low-low-low-(high) Cycle Progression could produce a top in the coming week while also signaling an inversion of its larger-degree 31 – 32 week Cycle Progression.
Heating Oil maintains the potential for a final spike high closer to its 2 – 3 year resistance at 2.2150 – 2.2625/HO.
Natural Gas spiked above 3.600/NGG – fulfilling much of its upside potential as it surges into cycle highs…”
Crude, Heating Oil & Unleaded Gas have fulfilled ongoing analysis for major advances from 3Q 2017 into January 2018 – when a decisive peak is expected. Daily & weekly cycles have been focused on Jan. 22 – 26 as the most likely time for a multi-month peak. Crude, Heating Oil & Unleaded Gas are nearing – or have just reached – their monthly extreme upside targets for January, warning of an impending peak. Natural Gas has surged above 3.6000/NGG, fulfilling its upside price targets and setting the stage for a multi-month peak (and subsequent decline into 2Q 2018).
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.