Crude & Natural Gas Poised for 3Q ’23 Surges; Crude Fulfilling Late-June Low!

06-28-23 – “Crude Oil, Unleaded Gas & Heating Oil are poised to enter a new advance after perpetuating an 11-week high-high-high-high-(low) Cycle Progression and a corroborating 27 – 29 day high-low-low-(low) Cycle Progression.  A daily close above 72.69/CLU is needed to confirm a 2 – 4 week (or longer/larger) bottom.

Natural Gas is positive after fulfilling analysis for a multi-month bottom in June ’23 – a ~3-year cycle from the June ’20 low & the latest phase of an ~18-month high-low-low-low-(low) Cycle Progression.  A weekly close above 2.870/NGU would confirm.  It has pulled back after spiking to new 2 – 3 month highs and could set a subsequent (higher) low in the coming days.”

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Energy markets are in the time when they should begin multi-month surges as Crude and the products signal secondary lows while Natural Gas validates analysis for a Major bottom in June ‘23.  Cycles turn very bullish in 3Q ‘23 and should prompt an overall rally into Aug/Sept ’23 (Sept ’23 = ideal time) – when multiple, long-term cycles collide.

The March 17, 2023 issue of The Bridge – Crude, Natural Gas & the XOI Index details key factors to monitor as energy markets begin to embark on new advances… that should accelerate into Aug/Sept ’23.

 

Does this Have Anything to Do with Geopolitical Factors? 

When & Where Is 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.