In addition to the Dow’s expected decline in October 2021, Crude Oil (WTI) is in the process of completing the replication of its February 8, 2018 to October 3, 2018 price structure based on futures trading data calculations, as noted on August 7, 2021. On October 8, 2021, Crude Oil (WTI) moved into the 78.17 (+/- 2%) range with a close of $79.35. A significant decline in crude oil is expected to start next week and last until late December 2021 with a move down to the $35.00 level as global economic conditions continue to deteriorate.
Intermarket structural analysis research