Crude Cycles = Jan. 22 – 26.
Crude Cycles = Jan. 22 – 26.
Multi-Month Peak Expected!
66.80/CLG Target Attainable.
01/20/18 Weekly Re-Lay:
“Crude Oil, Unleaded Gas & Heating Oil could be in the final stage (or have just completed the final stage) of projected rallies from mid-July & early-Oct. – both of which were forecast to ultimately accelerate into Jan. 2018, when monthly & yearly cycles converge.
In mid-Dec, they entered the final 10 – 20% of those cycles – when the most accelerated advances are often seen…
Heating Oil has reached its initial multi-month upside objective, near 2.0700/HO, and has consolidated since then. A final spike high could take Heating Oil closer to its 2 – 3 year resistance at 2.2150 – 2.2625/HO.
Natural Gas resumed its advance and has neutralized its weekly downtrend multiple times. It would take a weekly close above 3.224/NGG to reverse that trend to up and extend this advance into Feb. 2018 – the convergence of multi-year cycles – and up to its minimum target of 3.4300/NG.”
Crude, Heating Oil & Unleaded Gas are fulfilling ongoing analysis for major advances from 3Q 2017 into January 2018 – when a decisive peak is ultimately expected. Daily & weekly cycles focus on Jan. 22 – 26 as the most likely time for a multi-month peak. Crude is still capable of attacking its monthly extreme upside target for January – at 66.80/CLG – while the refined products could do the same. Natural Gas remains targeted for a surge to at least 3.4300/NGG before a multi-month peak becomes likely.
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.