Crude, Natural Gas & XOI Index: 2023 Outlook
03-17-23 The Bridge – “One scenario that is shaping up for the XOI is a type of ‘flat’ or ‘irregular’ A-B-C’ correction. In either case, the index could see some additional downside in the immediate future (‘A’ wave low) and then rebound into [reserved for subscribers]…
That would then set the stage for a second decline (‘C’ wave sell-off) that could/should ultimately take the XOI Index down to its multi-year ‘4th wave of lesser degree’ support near xxxx/XOI.
That is just one possible scenario based on wave structure and one particular cycle. There are other factors that need to be considered, like the ~11-week cycle that precisely timed the Jan 23 – 27 peak and portends a subsequent (lower?) one on April 10 – 14, ‘23. That is also when a corresponding ~22-week high-high-(high) Cycle Progression portends a (likely) lower peak.
The weekly trend and weekly 21 MAC could also play an important role. For now, it is mainly important to recognize that the XOI has fulfilled almost all of what was projected for a 3 – 6 month or longer peak to take hold in Jan ‘23.”
Energy markets are nearing a pivotal juncture – based on cycles and price indicators. That will ultimately project focus to a future potential peak in 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.