2019 Oil Trading & Outlook: Crude Oil Weekly Trend Poised to Reverse.

2019 Oil Trading & Outlook: Crude Oil Weekly Trend Poised to Reverse.

01/26/19 Weekly Re-Lay: Crude Oil, Unleaded Gas & Heating Oil remain in 2 – 4 week uptrends, expected to extend them into Feb. 1 – 8, based on a recurring 2-month high-high cycle and an 18 – 19 day low-low-low-(high) Cycle Progression.  Crude needs a weekly close above 54.76/CLJ to turn its weekly trend up (which would also set the stage for an initial peak).

Crude Oil & oil markets validating potential for new rally into Feb. 2019.  Stock Indexes are similar, reinforcing the energy/equity connection.  Crude poised to reverse weekly trend, escalating this advance to a higher degree.  That would reinforce likelihood for additional upside in 1Q 2019!

What Would That Mean for Feb./March 2019?  How Much Higher Can Oil Markets Rally??

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.