Amazingly perfect analogy: WTI '97-'99 and 2013-2015
First of all, let me tell you the original idea is not my own, I just worked it out here. One of my friends called my attention to analogy (discovered by their technical analysts group), which has been working perfectly so far between the periods of Dec/1996-March/1999 and Aug/2013-Today.
I found it amazing! What would be even more amazing? Of course ff crude oil could continue same pattern like it did after March/1999!
In hat case 2016 target could easily be ard 70 USD!
I found it amazing! What would be even more amazing? Of course ff crude oil could continue same pattern like it did after March/1999!
In hat case 2016 target could easily be ard 70 USD!
