In mid 2022 we issued a report on Crude Light Futures, suggesting at the time that CL would reach an important low in 2023 at 3 possible PRICE inflection points. Including a $64 (+/- $2) target. I even recall getting an e-mail from a big hedge fund manager, at the time Crude was selling at around $120, calling me a “F#*$ing Idiot”.
The CL did bottom on May 3rd of this year at about $63.70. Here is our updated forecast published here today……
Our mathematical and timing calculations for Crude Light Futures suggest the following…..
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- Just as our October of 2022 report (see below) projected, CL bottomed at our last target of $64 in early May. In other words, our mathematical and timing calculations confirm May’s bottom as a longer-term bottom.
- Crude Light should now increase into the end of 20XX with a top arriving in XXXX of 2025.
- Our calculations suggest the top will arrive at $XXX (+/- $5).
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In summary, Crude Light did put in a major bottom in May of 2023 at $64 and is now increasing into its next top, scheduled to arrive XXXX at around $XXX.
If you would like to find out exactly what Crude Light Futures will do next, please Click Here