Crude Oil setting up for a Long Trade to $78.40

In the long term, Crude Oil is in a short position.

We can see this from the red pendulum fork, which projects the price movement downward.

However, in the short- to medium-term, we're long, as clearly illustrated by the white fork. Supporting the case for higher prices is the Hagopian signal that occurred on June 24, 2025.

This essentially means that the market is expected to rise beyond the point it came from—specifically, the C-point of the red fork. The target would therefore be around $78.40 in the coming weeks or months, which does seem quite ambitious.

But as long as price remains within the boundaries of the white fork, we're in an upward mode, and the potential profit target of $78.40 remains valid.

Also, the fact that Crude Oil is finding support exactly at the L-MLH (Lower Median Line Parallel) of the white fork gives me further confidence in a long trade.

Crude: Long and: Don't forget to watch the follow-up Video.