Sam updated his LT count for crude last night.
There seems to be some general interest here, so I thought I’d post it.
As he sees it, there’s a small rising wedge that has to complete before the local top.
For those who don’t enlarge the chart, please be aware that the final low is targeting 2023 or so.
And yes, I treat these as “roadmap sketches” subject to further refinements along the way.
But its also a part of a coherent many markets Bigger Picture, including SPX, DX, and PMs.