Description
⋅ My Gann 20 year cycle is saying february we should see supply.
Confluence with my fib extension and my gann fan that I have back tested.
Pending buy 71/barrel
Watch for supply at 100/barrel
Close trade Q1 2019 when you see breakdown or heavy supply
Fundamental correlation: When the US economy is in a bull market oil rises.
Economic explanation: USD companies produce more goods which requires more oil = less supply of oil so price goes up.
This years theme is USD strength.
Symmetrical diamond continuation pattern has formed on the monthly. (Re accumulation)
Good luck!