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!
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!