Energy ready for prime-time?

An updated view
สแนปชอต

Pattern taken from reverse symmetry.
สแนปชอต

Elliott Waves
สแนปชอต

Stochastic RSI Oscillators
สแนปชอต
The 12 Month oscillator pushes everything upwards. Since the 3M oscillator is at it's top, we expect a short drop until mid 2023. It will be short because of the effect of the 1M oscillator as well as the 12M one.

Oscillators tell us that it is probable for price of energy to drop until Q2 of 2023 and then begin it's rally. Energy could very well increase now. The ABC Elliott wave shown on the main chart is alarming.

An alternate scenario is this.
สแนปชอต
A 5-step Elliott wave.

Either of them could play out.

Tread lightly, for this is hallowed ground.
-Father Grigori
บันทึก
Most, if not all technicals point us towards the 2000-2001 period, both for equities and for energy.
สแนปชอต
I am skeptical though, if we will have a "spring" in the energy growth. The spring term is used in a Wyckoff Accumulation, the lowest point just before the decisive growth.

The USOIL/SPX ratio is historically resisted from the 2M ribbon.
สแนปชอต

The difference on the 2 month chart.
สแนปชอต

Look at the 3 month chart as well.
สแนปชอต

Finally, look at heating oil. It represents both diesel fuel for home heating, as well as diesel fuel for trucks, for supply chain. Food prices depend on diesel, not gasoline. Food price inflation in EU has reached 15% in some instances. Turkey has an official food inflation figure of 99%.

สแนปชอต
I am nitpicking but whatever...
บันทึก
Doesn't get any worse mate...
สแนปชอต

Just noticed something.
สแนปชอต
บันทึก
New USOIL chart based on my latest chart modifier:
Artificial Life

สแนปชอต
บันทึก
New USOIL chart based on my latest chart modifier:
Artificial Life

สแนปชอต
สแนปชอต

คำจำกัดสิทธิ์ความรับผิดชอบ