The oil index cycle chart is in reasonable convergence with prices, and has been performing well if you look at the previous editions. The model is suggesting higher prices going forward, with a lot of pressure building for a price jump the longer the divergence between the model and the actual price continues. One of the interesting things about this model is that it shares some cycles in common with gold, and it also has one cycle which is in line with the Pacific Decadal Oscillation, which now presages colder weather.
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