Tag: Middle East

Crude Targeting New Highs; Daily & Weekly Trends Agree. Rally into March 23 – 28 Likely. 03/07/18 Weekly Re-Lay Alert: “Crude Oil, Unleaded Gas & Heating Oil corrected sharply after turning their daily trends up.  All three neutralized their daily uptrends multiple times… If a new rally does take hold (now), it could carry the energy markets higher into March […]

Crude Reinforcing Likely Retest of High; Daily Trend Pattern Concurs. Rally into Late-March Expected. 03/03/18 Weekly Re-Lay: “Crude Oil, Unleaded Gas & Heating Oil corrected sharply after turning their daily trends up.  Those daily trend patterns, combined with descending daily 21 MACs, were expected to pressure prices throughout the past week. That has taken hold and provided two corroborating clues […]

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 […]