Intermarket futures trading data confirms crude oil has started a long-term decline based on underlying data from related petroleum products and currencies. This decline is expected to be similar in nature to previous declines that include August 28, 2013 to February 11, 2016 (2 years 5 months 14 days: 897 days) and October 3, 2018 to April 20, 2020 (1 year 6 months 17 days: 565 days). The end result will be a return to the 1986 and 1998 base level of 10.80 after a period of decline that can take as long as 2 years.
Intermarket structural analysis research