WTIC in Bear Market = but target downside near 12-25-2018

Updates from our post last Nov2018-(CLICK) regarding WTIC which broke down 2year bull rally.

Our last post really did nasty dive which broke down 2year bull market in Oil Markets.

It did not only made it into Bear Market but retraced 61.8% or 35USD(more than half) in less than 2 months! (this asset class could be rated in Guinness Book History of worst decline in 2months!!!!)

Happy to inform you all that downside target is near.
C=0.618 of A = which is 40 USD per barrel
C=A = which is 30USD per barrel, to low to place the target but very possible since global growth is weakening

Waiting for energy stocks to recover from decline and WTIC to form a base. But not recommended to trade Energy stocks very soon as Global Equities has dived and MONEY is moving to SAFER assets(Gold, High Rated bonds) and USD).


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QUOTING from Tony Caldaro's Commodity Cycle Post Last Q2 2018

How far could Crude advance? During the last bear market all rallies, excluding the aberration from the Kuwait invasion, retraced 38.2%, 50.0%, or more of the previous larger decline. This suggests an upside target between $70 and $85 by the year 2020. Then, after that, a six-year decline into the final bear market low, which should be around the $26 area. In summary one should expect a price range between $25 and $85 over the next decade. Unless there is a supply-event, which could push the upper range higher.