Crude Harmony – June 20, 2023

Finished – somewhat – moving into the new rental out here in San Diego. (I REFUSE TO BUY OUT HERE) … little bit brain dead but “something” told me to take a look at crude oil futures and that bizarre low of -40 bucks. Could that low be harmonic?

Of course not .. well, shoot, it was:

So .. what the heck are we looking at:

  • Crude Oil Monthly – LOG (key, these are percentage moves) since 1984. Couldn’t get anymore data that that.
  • The 1.3348 is a ratio (Perfect 4th) for the equal octave scale of music.
    • 1.3348AB = CD and the extension from the “old” all time low was, yes, 1.3348.
    • A good technique to use is to look at the last MAJOR retracement and see what that number was … in this case .749. TILT … well take 1/1.3348 and we get .749. The market did, in fact, give us a clue. Pretty wild …
    • The dashed blue move down? .786 the blue measured move …
    • The move up to the old all time high? 1.1892 which is the ratio for the “minor 3rd”
    • Last, and this was the “kicker” for me … using the open/close after the negative spike low … the high at 130 was exactly equal to that measured move. Nice …

Anyway, just bored so thought I would cruise the charts.

I’m looking to get long Crude OBTW …


the Crude Oil Complex

charts suggest a near term low in place for crude and a bounce (a bounce only) to be expected …

note the correlation of Crude, OSX, Loonie vs USD, Crude/Gold Ratio

note the largest and consistent percentage decline is exactly hitting …. 77.46%

Loonie Double Bottom with Crude at percentage decline (?)

if this chart moves up then so does Crude …
topping …?

%d bloggers like this: