CRUDE OIL cycling up again

Looking back at the post made on the crude oil. It was home run trade. Calling a high is great for the ego but, did the "call" line the pockets.... You bet. Lunar Eclipse high and Solar Eclipse low. The sequence could have varied. Like a Lunar and Solar Eclipse high, secondary high. But it didn't. The main reason for believing the SE was a low, because the date fell on the fall equinox and the 30 cycle fell in the same zone as well. A clasic WD Gann market call.

Now what? Made a lick in the options and futures, but does one buy and go long or wait to sell? Is the long-term trend down or still up.?

To much to soon. Time is always the most important. the biggest break has been 57 to 63 market days. To determine if the trend is totally gone bust, you may need to wait to see what this timing will do. If accumilation and a rally does take place from this point, we'll be acting on the 30 market day cycle from that farthest point. So a rally is likely. But, if the longterm trend is offically down, a continuation of trend is likely. This means instead of 30 day break it may turn into a 60 day extended decline.

The oil supplies are the largest in history, and all the rampted up exploritory oil digs, will only add to the large supplies. Increase in Ethinal production along with the car manufactures now building the "light weight death trap fuel economey cars", logically spells out "surplus". My point is: Bullish on the bounce, but am know long-term bearish. This doesn't mean that double top or some type of secondary high is possible.

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