Another (My 4th) Attempt to Predict the Elusive Oil Price

Here is Another (my 4th and very likely a futile one) Attempt to Predict the Elusive Oil Price.

I got this idea by looking at SPX500 chart. The sharp drop to $42 could take down the SPX with it.

Comment:

After hours (US Pacific time) trading on 6/20 suggests 6/21 could be the first up day of this projected short term bounce.

This bounce should reverse around $46-$47 in 1-2 weeks.

Comment:

We might not have another crash since we got it today :-)