CRUDE - WEEKLY SUMMARY 24.2-28.2 / FORECAST

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🛢 CRUDE – 13th week of the base cycle (28 weeks), mature 1st phase. The February 24 pivot forecast reversed crude from the strong 69.80 support level. This level was broken and eroded during the week, as I predicted last time. Based on timing and the chart, there are signs of the second phase beginning. In this context, I closed my short position from February 3. The price movement from the February 3 extreme forecast on CL futures provided $2K per contract.

⚠️ I maintain my bearish stance, which I explained in my crude oil post from summer 2024. The next extreme forecast is March 3. Another extreme forecast is on March 19, combined with retrograde Mercury on March 17.

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