Tag: Heating Oil

Crude Projecting Retest of High. Weekly Trend Pattern Remains Positive. Late-March Cycle High = Next Peak. 02/28/18 Weekly Re-Lay Alert: “Crude Oil, Unleaded Gas & Heating Oil have pulled back after turning their daily trends up.  That is a normal correction but the action of the coming days needs to clarify if another advance is likely to follow this pullback… […]

Oil Markets Holding Intermediate Support Rally Back to Jan. Highs Likely… Watch Late-March Cycle High for Peak. 02/24/18 Weekly Re-Lay: “Crude Oil, Unleaded Gas & Heating Oil extended their rebounds, reinforcing the significance of the lows set in early-Feb.  In doing so, Crude rallied above its initial rebound target and ultimately neutralized its intra-month downtrend. Crude has also twice neutralized […]

Oil Markets Fulfill Downside Targets Mid-Feb. Cycle Low Taking Hold 2 – 3 Month Support Holding. 02/14/18 Weekly Re-Lay Alert: “Crude Oil, Unleaded Gas & Heating Oil have dropped sharply since completing projected rallies into Jan. 2018.  Since then, they have fulfilled initial downside targets with Unleaded Gas & Heating Oil reaching their Dec. ’17 lows as Crude held support […]

Oil Markets Fulfilling Downside Targets 2 – 3 Month Support Tested; Holding. Rally into Late-March Possible. 02/10/18 Weekly Re-Lay: “Crude Oil, Unleaded Gas & Heating Oil have dropped sharply since completing projected rallies from mid-July & early-Oct. – both of which were forecast to ultimately accelerate higher into Jan. 2018, when monthly & yearly cycles projected a multi-month (possibly multi-quarter) […]

Oil Markets Fulfill Cycle Highs Drop to Dec. ’17 Lows Likely Late-March = Next Cycle High 02/07/18 Weekly Re-Lay Alert: “Crude Oil, Unleaded Gas & Heating Oil have sold off since fulfilling upside extremes in price & time.  That should, at the very least, spur a drop back to the Dec. ’17 lows (particularly in the products) – where intermediate […]

Crude Confirming Peak Late-March = Next Cycle High Drop to 2 – 3 Month Support Likely. 02/03/18 Weekly Re-Lay: “Crude Oil, Unleaded Gas & Heating Oil surged into the final stage of bullish cycles while completing projected rallies from mid-July & early-Oct. – both of which were forecast to ultimately accelerate higher into Jan. 2018, when monthly & yearly cycles […]