Chart courtesy of StockCharts.com.
Over the last two trading days daily engrbytrade™ WTI Crude Oil calculations and underlying structural calculations show several changes indicating crude oil is expected to move significantly higher in 2022. Initial calculations show crude oil reaching a level of 112.91 before moving lower. The expanding wedge structure shown in the chart above, along with underlying futures trading data calculations are very similar to what appeared in June 2010.