Crude Light Futures (CL)
Date Of Analysis: November 7th, 2023
Our mathematical and timing calculations for Crude Light Futures suggest the following…..
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- Just as our October of 2022 report (see below) projected, CL bottomed at our last target of $64 in early May. In other words, our mathematical and timing calculations confirm May’s bottom as a longer-term bottom.
- Crude Light should now increase into the end of 2024 with a top arriving in either November of 2024 or January of 2025. It will become clearer which TIME juncture as we get closer.
- Our calculations suggest the top will arrive at $155 (+/- $5). If CL is able to break above $165 it can easily go as high as $225
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In summary, Crude Light did put in a major bottom in May of 2023 at $64 and is now increasing into its next top, scheduled to arrive at the end of 2024 at around $155.
Crude Light Futures Analysis (CL)
Date: October 5th, 2022
Our Crude Light (CL) Mathematical & Timing Analysis suggests the following…..
- Our work suggests we will see a major bottom in oil in late January of 2023. This composite TIME frame is supported by an important cluster arriving at the same time. This time variable can be extended a bit further if Price/Time don’t line up by late January of 2023. This might explain a better line up with 2020 low. We just have to see where we are once we get to January.
- Our calculations suggest the bottom will arrive at around $72 (+/- $3). If the CL breaks below $69, which is possible, it would shift to a lower set of targets located at around $64.
- Once the bottom is put in place, the market should rally into its next projected top scheduled to arrive in October of 2024. Price variable suggests a top at $150 (+/- $5) at that time.
Associated charts below represent the above analysis.
