CRUDE OIL WEEKLY CHART UPDATE...
I said several months ago that Crude put in an IT low, and that I was looking for a strong rally to perhaps the ~110 range...
Since that time, CL has rallied to about the 50% point, and has pulled back a bit, at the potential middle channel DTL of the WAVE-TWO channel...
Since then also, I've added the #Hurst nominal 9-year and 18-year cycles, with the peak in 1990 and 2008 giving us a near-perfect two nominal 9-year cycle peaks from one another...
It seems the nominal 18-year cycle is offset, and this potential WAVE-B:TWO could be pushing upward to peak in that cycle peak, then another decline into the confluence of the 9-year and 18-year cycle troughs out nearer the end of the decade... watching
