|XOI.X Cycle Model 2014.02.07|
The Amex oil index model continues to suggest higher prices peaking mid-Summer 2014. Currently, the predicted attractor curve is higher than the actual price. If the model performs as it has on a historical basis, it indicates some upward pressure on prices should be seen in the next few weeks. For comparison purposes, here is the model from the previous run from 2013.12.06.
|XOI.X Cycle Model 2013.12.06|