Crude & Energy Products Poised for Mid-April Peak; 3Q ’23 = Larger Cycle Peak
04-01-23 – “Crude Oil, Unleaded Gas & Heating Oil are fulfilling analysis for a bounce into late-March/ early-April ‘23 – the latest phase of Crude’s ~14-week cycle and ~28-week cycles – when a high would also fulfill a 42-week/~10-month low-low-high-(high) Cycle Progression.
Price action is showing this rally could extend into the coming week(s) and fulfill an ~11-week high-high-high-(high; Apr 10 – 14, ’23) Cycle Progression while negating/inverting the ~4-month cycle that has recently been discussed. A test of 80 – 81.00/CLM is possible before a peak is set.”
Energy markets are moving through a pivotal bottoming phase – based on cycles and price indicators – when a 3 – 6 month (or longer) bottom has been expected. That could/should prompt an overall rally into 3Q ’23 (Sept ’23 = ideal time) – when multiple, long-term cycles collide. An intermediate high is expected before mid-April ’23… and would subsequently project an intermediate low for late-June ’23.
The March 17, 2023 issue of The Bridge – Crude, Natural Gas & the XOI Index details key factors to monitor as energy markets head into cycle lows (Natural Gas cycles do not bottom until June ’23) and begin to embark on new advances… that should accelerate into Aug/Sept ’23.
Does this Have Anything to Do with Geopolitical Factors?
When & Where Will Be the Best Place to Enter Long Positions?
How Does This Correlate to Inflation & Interest Rate Analysis?
Refer to the March 17, 2023 issue of The Bridge – Crude, Natural Gas & the XOI Index (FREE with any Weekly Re-Lay subscription of 1 month or longer) for expanded analysis that addresses key aspects of the 2023 outlook for energy markets.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.