Unleaded Gas Leads Latest Rally…

Unleaded Gas Leads Latest Rally…
6 – 8 Week Surge Likely!
Nat Gas Poised for Nov. Reversal.

 

10/14/17 Weekly Re-Lay:

 

“Crude Oil, Unleaded Gas & Heating Oil corrected after Crude fulfilled projections to rally into late-Sept. & to ~53.00/CLZ.  While pulling back, Crude spiked down to its weekly HLS last week while bottoming at its monthly support & RawSPS.  It has since rebounded but needs a daily close above 51.98/CLZ to turn its intra-month trend up and confirm a multi-week low.

Heating Oil needs a corresponding daily close above 1.8091/HOZ while Unleaded Gas has already turned its intra-month trend up (and was never able to turn its daily trend down).  That projects a rally to new highs in Unleaded Gas.

With this past week’s spike lows, Heating Oil & Unleaded Gas have perpetuated an 8-week low-low-low Cycle Progression that could spur an 8-week rally into early-Dec.

Natural Gas has rallied after fulfilling projections for a sell-off into early-Oct. and back to its low – attacking monthly support and the monthly HLS grouped at 2.975–3.030/NGZ.

A low in October would perpetuate a 5-month low (Feb. ’16)–high (July ’16)–high (Dec. ’16)–high (May ’17)–low (Oct. ’17) Cycle Progression.  It needs a daily close above 3.200/NGZ to signal that a multi-week bottom is in place.”

 

Energy complex in midst of projected 2 – 4 week consolidation.  Oct. 6 lows fulfilled daily/weekly cycles & are expected to produce new 1 – 2 month surges.  Unleaded Gas & Heating Oil continue to confirm bullish outlook for 4Q 2017, potentially stretching into 1Q 2018, as Crude follows suit.

Middle East cycles poised to trigger escalating conflict into 3Q 2018 – the first phase of the overall 2018 – 2021 cycle that anticipates a seismic shift in the power structure of the Middle East, ultimately leading to some form of Union.

See Weekly Re-Lay & INSIIDE Track for additional analysis and/or trading strategies.