Weekly Trend Vulnerable…
Final High in Feb. 2017?
01/25/17 Weekly Re-Lay Alert:
“Crude Oil, Unleaded Gas & Heating Oil have corrected since fulfilling daily cycles that projected an initial peak on Jan. 3–5th. Crude remains in a daily downtrend and has twice tested initial support at 52.30–52.56/CLJ. If it closes below that level, in the coming days, Crude could see a sharp spike low.
A daily (~14 day) high-high-high-high Cycle Progression comes back into play on Jan. 31st and could play into that scenario.
Crude has twice neutralized its weekly uptrend and would not turn that trend down until a weekly close below 52.42/CLJ. As long as that does NOT occur, Crude would remain in an overall 3–6 month uptrend that is expected to wait until mid-to-late-Feb. 2017 to set a final high.” [See Weekly Re-Lay & INSIIDE Track for latest updates.]
Crude continues to build a projected 1–2 year base, following the precise fulfillment of its 17-Year & 7-Year Cycles – that bottomed in Dec. 2015/Jan. 2016. Watch Sept./Oct. 2017 as CRITICAL cycle in oil markets as well as Middle East!