Loading ...WTIC Crude Cycle
It would appear that Crude has found it’s 6 Month Intermediate Cycle (IC) Low here. Much depends on the USD here as the fundamentals for Crude, at this time, are ugly.
We have broken to the upside of the Green IC downtrend line and are currently backtesting. By Blue Fork shows what appears to be the current price channel up towards major resistance near 39ish.
Well things don”t look as ugly for crude as they did a few weeks ago…lol
Looks like its sister chart in your other post, the SPX.