2019 Oil Trading & Outlook: Weekly Trends Confirm Outlook into May 2019.
2019 Oil Trading & Outlook: Weekly Trends Confirm Outlook into May 2019.
02/02/19 Weekly Re-Lay: Crude Oil, Unleaded Gas & Heating Oil are fulfilling intermediate analysis for a rally into Feb. 1 – 8, based on a recurring 2-month high-high cycle and an 18 – 19 day low-low-low-(high) Cycle Progression. That was reinforced by the daily 21 MACs and now by the weekly trend.
Crude has just turned its weekly trend up, setting the stage for an initial peak in the coming days and a reactive pullback in February (since this is a lagging/confirming indicator).”
Crude Oil & oil markets validating potential for initial rally into Feb. 2019. as part of overall advance from late-Dec. into April/May 2019 (next phase of 32 – 34-Week & 15 – 17-Week Cycle Progressions). Crude just reversed weekly trend to up, escalating this advance to a higher degree. That ushers in a multi-week period when some consolidation is likely, before a new advance into ~May 2019.
How Could May ’19 Cycle Peak Impact 2019/2020 Outlook??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.