Initial calculations indicated crude oil was expected to move significantly higher in 2022. Additional research indicates crude oil is now in the process of building a parabolic structure that is similar to the January 18, 2007 to July 11, 2008 structure. At this point the current structure is in a similar position to where it was on February 15, 2008. The rate of acceleration is expected to increase and reach 101.79 by February 2022 before seeing a brief pullback.
Intermarket structural analysis research