Crude oil (WTI) appears to be replicating the February 8, 2018 to October 3, 2018 price structure. Based on futures trading data calculations the position of Crude Oil on Friday, August 6, 2021 would be a nominal equivalent to Crude Oil on August 13, 2018. This structure indicates a peak of 78.17 (+/- 2%) is expected by October 1, 2021 (+/- 1 trading day). A sharp decline in Crude Oil is also expected during the last quarter of 2021.
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