Tag: Energy

04-08-23 – “Crude Oil, Unleaded Gas & Heating Oil have rallied into early-April ‘23 – the convergence of a myriad of weekly cycles as well as a ~10-month low-low-high-(high) Cycle Progression.  Since its peak, Crude’s most consistent cycle has been an ~11-week cycle that timed successive highs in June, Aug & Nov ’22 and then Jan ’23. Along with other cycles (including overlapping 22-week & ~44-week cycles), this ~11-week Cycle […]

04-05-23 Alert – Energy & Equity: The Three-Way Correlation “A recurring topic of discussion involves the sometimes -close correlation between the movement of equity markets and energy markets.  Sometimes that is merely a reflection of a growing economy (spurring demand for both) or some other factor spurring both of them higher.  Occasionally, it is one driving the other – a true ‘correlation’… at least for that moment in time. Even though trading off […]

04-01-23 – “Crude Oil, Unleaded Gas & Heating Oil are fulfilling analysis for a bounce into late-March/ early-April ‘23 – the latest phase of Crude’s ~14-week cycle and ~28-week cycles – when a high  would also fulfill a 42-week/~10-month low-low-high-(high) Cycle Progression. Price action is showing this rally could extend into the coming week(s) and fulfill an ~11-week high-high-high-(high; Apr 10 – 14, ’23) Cycle Progression while negating/inverting the ~4-month cycle that […]

03-31-23 – “Crude Oil, Unleaded Gas & Heating Oil remain in a bottoming phase with Crude fulfilling downside price targets without (yet) turning its monthly trend down.  As long as Crude does not give a monthly close below 71.02/CLM, this bottoming phase would remain intact and would be expected to ultimately spur a rally into 3Q ‘23. On an intermediate basis, these markets dropped into mid-March & fulfilled […]

03-17-23 The Bridge – “Since peaking in June ‘22, the Energy Complex has had a few key intermediate cycles that were/are expected to impact it… In all of them (Crude, Unleaded Gas & Heating Oil), they had a ~4-month/17-18 week low (Apr 4-8, ’22) – low (Aug 1 – 5, ’22) – low (Dec 5 – 9, ’22) – low Cycle Progression that timed […]

03-17-23 The Bridge – “One scenario that is shaping up for the XOI is a type of ‘flat’ or ‘irregular’ A-B-C’ correction.  In either case, the index could see some additional downside in the immediate future (‘A’ wave low) and then rebound into [reserved for subscribers]… That would then set the stage for a second decline (‘C’ wave sell-off) that could/should ultimately take the […]