🛢 OIL, 20th week of cycle, correction

👉 I would like to draw attention to the maximum oil from April 5, 2024. It is possible that this high could become the top point of the current base oil cycle.

☝️ The basic oil cycle is about 28 weeks, sometimes a little less. Now we are in the 20th week of the basic cycle, the cycle is quite mature and perhaps its peak has already been passed. Oil correction is already underway. The base (lowest point) of the cycle can be reached closer to June (24th week) - July (28th week).




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