Monday, August 22, 2016

2016.08.22 XOI.X Cycle Model Chart

2016.08.22 XOI.X Cycle Model Chart


















The cycle model is exhibiting a right phase shift which has flattened the predictive curve. Nevertheless, the model suggests some upward pressure on prices going into the Fall and through the end of the year. A previous iteration of the model is shown below and here on the blog.



2016.06.03 XOI.X Cycle Model Chart

2 comments:

Anonymous said...

Top notch modeling once again! It correlates well with my expectations of increased oil prices despite widespread Bearish media coverage. If my thesis is correct, then retail shorts "should" fuel higher prices. I have no concrete references, but I suspect that oil prices are leading indicators of oil stocks like XOI.

Interesting times ahead - if my thesis is correct then a widely unexpected oil price rally towards new YTD highs should occur, perhaps beyond $60 per barrel.

Kind regards,

Mr. Anon

honestcreditguy said...

great work, this model correlates directly with what Mr. Anon says above via my market lens.
I have $brent hitting 62.50 and filling gap on the daily from last year early July timeframe...