Crude Cycles Project Top
Crude Cycles Project Top
Jan. 22 – 26 = Multi-Month Peak?
66.77/CLJ Target in Reach.
01/27/18 Weekly Re-Lay:
“Crude Oil, Unleaded Gas & Heating Oil are surging into the final stage of bullish cycles while fulfilling projected rallies from mid-July & early-Oct. – both of which were forecast to ultimately accelerate higher into Jan. 2018, when monthly & yearly cycles converge.
Crude has reached & exceeded the primary convergence of upside price targets and is fulfilling expectations for a culminating spike up to its monthly LHR at 66.77/CLJ.
Unleaded Gas & Heating Oil are similarly spiking up to extreme objectives.
A 7 – 8 week low-low-low-low-(high) Cycle Progression could produce a top at this time while also fulfilling the inversion of its larger-degree 31 – 32 week Cycle Progression.
Natural Gas spiked above 3.600/NGG – fulfilling much of its upside potential as it surges into cycle highs in Feb. 2018.
~3.900/NG is the level of the Dec. 2016 peak and the highest point of the past 3+ years. That continues to be major, multi-year resistance.”
Crude, Heating Oil & Unleaded Gas have fulfilled cycle analysis and could peak at any time (if they haven’t already). Extreme upside price targets have just been attacked – warning of an impending reversal lower. Natural Gas has surged above 3.6000/NGG, fulfilling its upside price targets and setting the stage for a multi-month peak (and subsequent decline into 2Q 2018). This Energy bull market is coming to a close.
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.