Crude & Heating Oil Project ~April ’23 Low & Surge into Aug/Sept ’23!
03-17-23 The Bridge – “Since peaking in June ‘22, the Energy Complex has had a few key intermediate cycles that were/are expected to impact it… In all of them (Crude, Unleaded Gas & Heating Oil), they had a ~4-month/17-18 week low (Apr 4-8, ’22) – low (Aug 1 – 5, ’22) – low (Dec 5 – 9, ’22) – low Cycle Progression that timed two of the intermediate lows since June ’22… and portends a final low on April 3 – 14, ’23.
In the case of Heating Oil, that (April ’23) is also when it would retrace 50% in time (April ’20 low – April ’22 high = 24 months; 12 months down = April ’23) and is the next phase of a ~6-month/~180-degree high (Oct ’21) – high (Apr ’22) – high (Oct ’22) – low (April 2023) Cycle Progression.
If Crude sets a low anywhere between now and the first half of April ’23, it would be set up for a 50% rebound in time – leading into 3Q ’23, when a ~5-Year Cycle Progression portends a peak.
There are other cycles that portend a multi-month low in the coming weeks… and then a subsequent high that could stretch into 3Q ‘23 [reserved for subscribers]”
Energy markets are nearing a pivotal juncture – based on cycles and price indicators – when a 3 – 6 month (or longer) bottom is expected. That could/should prompt a major rally into 3Q ’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 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.