Crude Adds to Bullish Signals; Overall Rally into May 2019 Still Projected.
Crude Adds to Bullish Signals; Overall Rally into May 2019 Still Projected.
03/13/19 Weekly Re-Lay Alert: Crude Oil, Unleaded Gas & Heating Oil remain in 2 – 4 week and 1 – 2 month uptrends with Crude just fulfilling its daily trend pattern and rallying to new highs. That resulted in Crude turning its intra-month trend up, which could spur an additional 1 – 2 days of upside before a new 3 – 5 day correction becomes likely.
On an intermediate basis, the next 2 – 4 week peak is likely in early-April, the next phase of a ~2-month/~60-degree high-high-high-(high) Cycle Progression.”
Crude Oil & energy markets reinforcing outlook for overall advance from late-Dec. into May 2019 (next phase of 32 – 34-Week & 15 – 17-Week Cycle Progressions) – the same time when equity markets are expected to peak (Energy/Equity Connection). New 1 – 2 month uptrend taking hold and could spur intervening high in early-April, on way to ultimate destination.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.