Oil Getting Ready for next impulse leg $100/barrel

18 ก.ค. 2018

My Gann 20 year cycle is saying february we should see supply.

Confluence with my fib extension and my gann fan that I have back tested.

Pending buy 71/barrel
Watch for supply at 100/barrel

Close trade Q1 2019 when you see breakdown or heavy supply

Fundamental correlation: When the US economy is in a bull market oil rises.

Economic explanation: USD companies produce more goods which requires more oil = less supply of oil so price goes up.

This years theme is USD strength.

Symmetrical diamond continuation pattern has formed on the monthly. (Re accumulation)

Good luck!