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Crude Oil Cycle Bottom aligns with Saudi Oil Attack
Created on: 9/15/2019 3:08:04 PM   Last Update: 9/15/2019 4:49:25 PM Posted by: RTT

crude-oil-cycle-bottom-aligns-with-saudi-oil-attackDo the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

Below we show off readtheticker RTT Cycle Finder Spectrum.


Crude Oil cycle




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