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Crude Oil update

Initial Forecast was posted on the 14th April on twitter calling Top for the 19th April and we are currently down approx 12 1/4% off the high . I have prepared two Curves and a few price notes in addition to my earlier post on Crude .

Curve No 1 projects Low for the 6th May which is quite a strong Cycle point so if we do continue to move down into that point and establish a good low the next move could take us up to the 18th May where Top is indicated . Curve No 1 looks like the strongest possibility so it will be important to be patient and see how price is moving into the 6th May and if it does setup as low we should be able to qualify that point a few days beforehand once the position of the market becomes clear . It is always wise to wait for intermediate and primary trend dates to roll around and at that time we can more accurately ascertain as to whether that date is setting up as a Top or a counter trend top or bottom structure and then we can trade in the prevailing direction of the Forecast . I have also included Curve No 2 just to be on the safe side so over the next few days we will se how price is behaving and which Curve it is most likely to follow . There are also some Square of Nine calculations detailed below .

96.80 is 360 Deg or one full revolution in price and we are very close to that point . 90.80 will be an important price zone to watch as it is 180 Deg or opposite the 18th April Top . The next price which is quite a bit below is 84.90 which is 720 Deg or two full Circles from the 18th April Top. These prices should be kept in a diary and consulted as we move into the Time Cycle dates and then we can see if there is any correlation between these co ordinates.






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4 Comments


Interesting model. Thank you.


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Miguel
Miguel
Apr 25, 2022

I guess it's not a good idea to go short now towards targets?

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Hitoshi Mori
Hitoshi Mori
Apr 25, 2022

I think in the second pic, the very right date should be 18 May? I guess

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i think it was to say May based on the other drawing and notes.

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