Crude, Unleaded Gas & Natural Gas Projecting Multi-Month Surges!
05-31-23 – “Crude/Unleaded Gas have likely completed their corrections and should rally (surge?) into Aug/Sept ‘23…
Crude Oil, Unleaded Gas & Heating Oil have consolidated after plunging from cycle highs on April 10 – 14 ‘23 – when they fulfilled an ~11-week high-high-high-(high) & related 22-week & ~44-week Cycle Progressions as well as a ~76-day high-high-high-(high) Cycle Progression in the XOI.
The way in which Crude recently set a double bottom (March & May ’23 lows) is ushering in the potential for a multi-month bottom and the start of a new 2 – 3 month rally… that is expected to ultimately peak in Aug/Sept ’23 – the next phase of a ~5-Year Cycle…
The XOI Index, after fulfilling criteria for a major top in Jan ’23 (completing a wave ’5 of 5’ of an overall 5-wave advance that began at the March ‘20 low), remains on track for an overall decline into Jun ‘23… that could be followed by a rally into early-Sept ‘23.
Natural Gas has plunged back to long-term support (~2.000/NG), completing a full cycle and full wave structure after peaking in line with an ~8.25-year high-high-high-(high 2Q/3Q ‘22), an ~11-month high-high-high-(high; Aug 2022) AND an over-arching 22 – 23 month high-high-high-(high; Aug/Sept 2022) Cycle Progression. This overall decline could bottom in June ’23 – a ~3-year cycle from the June ‘20 low and the latest phase of an ~18-month high-low-low-low-(low) Cycle Progression.”
Energy markets are entering the time when they should begin multi-month surges as Crude and the products signal secondary lows while Natural Gas sets the stage for a Major bottom. 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 head into cycle lows 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 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.