Showing posts with label Crude Oil Forecast 3-7-11. Show all posts
Showing posts with label Crude Oil Forecast 3-7-11. Show all posts

Thursday, March 17, 2011

Crude Oil Forecast 3-17-11 and Previous Forecast UPDATE

I commence with my gratitude to The All-Knower

The price and time cycles squared completely, at $97 range and time cycle of 03/16/11. Crude oil reversed sharply after retesting of my forecasted price and time. Crude oil has surged over 6% since making its low just below $97.00 (my forecast was $97.00 +/- $0.64, actual low was $96.20 and according to data provided by Stockcharts.com, the low was $96.70).

The time cycles and price targets have been published in my previous forecasts. Almighty Blesses the knowledge of time cycle and mathematical and geometrical patterns.
See attached.

Tuesday, March 8, 2011

Crude Oil Forecast UPDATE

I commence with my gratitude to The All-Knower

I forewarned about the Crude Oil Support in the area of $103.00. It, today, found support at $103.35 area. See my previous chart and an updated today's chart

Monday, March 7, 2011

Crude Oil Forecast UPDATE

I commence with my gratitude to The All-Knower

I have placed the chart on the left, just this late Friday on 03/05/11. I had stated that crude oil shall go higher to price marked by the red dot, which was the range of $106.50-$106.90 and then it shall pull back and/or consolidate. Today high was $106.90. After putting in the high just below $107.00, Crude Oil has pulled back about $3.00. Look for current pull-back support in the zone of $102.5-$103.9.
Future price targets are (or look for resistance offered at these levels) $108, $110.67, 112.40, 114.15. $118.55 shall be first very strong resistance.