Crude & Natural Gas Poised for New Rallies; Project 3Q ’23 Surges!
06-24-23 – “Crude Oil, Unleaded Gas & Heating Oil are struggling to advance and could provide an additional spike low in the coming week, inverting the latest phase of an 11-week high-high-high-high-(low) Cycle Progression and timing an intermediate bottom…
Natural Gas is positive after fulfilling analysis for a multi-month bottom in June ’23 – a ~3-year cycle from the June ’20 low & the latest phase of an ~18-month high-low-low-low-(low) Cycle Progression. A weekly close above 2.870/NGU would confirm. It has neutralized its weekly downtrend, increasing the potential for another (initial) 1 – 2 weeks of upside.”
Energy markets are in the time when they should begin multi-month surges as Crude and the products signal secondary lows while Natural Gas validates analysis for a Major bottom in June ‘23. Cycles turn very bullish in 3Q ‘23 and should prompt an overall rally into Aug/Sept ’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 begin to embark on new advances… that should accelerate into Aug/Sept ’23.
Does this Have Anything to Do with Geopolitical Factors?
When & Where Is 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.