Crude & Energy Bottoming Phase; 3Q ’23 = Next Cycle Peak
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 […]
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