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.
