It’s time to revisit the oil plunge

Oil plunge

It’s been a while since our last post and we are pleased to note that our prediction for an oil plunge actually took place as we expected, with WTI crude now towards our target as predicted in Sept 2013. The dance to oil on a slippery ground The wave count predicts even lower oil prices…

The dance to oil on a slippery ground

crude_oil dance

Since hittingĀ a supercycle degree top of $147 a barrel in July 2008, WTI Crude experienced a dramatic crash down to $32 a barrel by Dec 2008. the past 4 yrs have seen a wave B rally to $110 which is currently topping. Once it tops wave C will begin and it will take prices back…