Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Friday, October 21, 2016
$WTI Oct 21, 2015
Looks like oil is at/near a top and ready to pull back:
Hi Inlet, your market outlook of crude oil is accurate! Oil turned down :)
ReplyDelete