Crude & Oil Markets Remain Bullish.
Crude & Oil Markets Remain Bullish.
Upside Targets Remain Higher…
Peak Expected in Jan. ’18!
01/03/18 Weekly Re-Lay Alert:
“Crude Oil, Unleaded Gas & Heating Oil have resumed their uptrends, reinforcing expectations for energy markets to rally into monthly & yearly cycles converging in Jan. 2018.
Crude is surging toward the convergence of 1 – 2 week, 1 – 2 month & 3 – 6 month upside objectives – near xx.xx/CLG [reserved for subscribers]…
That ~1-year/360-degree low-high-(high) Cycle Progression is one of the reasons that Jan. 2018 has been the focus (for the culmination of a multi-quarter rally) for the past 6 – 7 months. The following quote from July & August 2017 details some others:
“For the past 2 – 3 years, the overall outlook for Crude was to set a Major, multi-year bottom in early-2016 and then undergo a 1 – 2 year bottoming process until a secondary low was/is expected – in 2Q/3Q 2017…
The energy complex has adhered to this outlook and Crude is setting the stage for a more sustained advance in the coming months.
Unleaded Gas & Heating Oil are leading the way, turning their weekly trends up in July & confirming a multi-month bottom…
The intriguing aspect of the oil complex is how all three markets – which often have conflicting cycles due to seasonality and cracking – are projecting bullish movement in Aug./Sept. ‘17–Jan. ‘18…
Heating Oil has a 12-month/360-degree low (Jan. ‘15)–low (Jan. ‘16)–high (Jan. ‘17)–high (Jan. ‘18) Cycle Progression projecting a peak in Jan. 2018…
A developing ~7-month low-low- (high?) Cycle Progression could also spur higher prices into January 2018. Price action needs to validate that.”
All of this sets the stage for an important peak in the coming weeks…
Natural Gas has surged and turned its daily trend up after attacking 12 – 18 month support (~2.500/NG) in late-Dec. That initially validates analysis for a quick surge into Feb. 2018 – when monthly & yearly cycles project an important peak.”
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. Upside price targets remain above the market, so additional upside is still likely. Natural Gas has triggered new buy signals and is expected to see a strong surge into late-Jan./early-Feb. 2018.
See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.