CRUDE OIL ON WEEKLY RANGE, WE HAVE TWO POSSIBILITIES, THE MAIN COUNT ASSUMES, THE LOW OF SUPERCYCLE WAVE TWO IN PLACE, AND CORRECTION HAD FINSHED AT 40 SUB-ZERO
ALTERNATE COUNT ASSUMES SPIKE TO THE DOWNSIDE IS THE THIRD INTERMEDIATE WAVE OF THE PRIMARY WAVE FIVE OF C CYCLE WAVE OF SUPERCYCLE WAVE TWO, IT MEANS THERE IS A NEW LOW BELOW 40 SUB- ZERO
BUT I HAVE RESRVATION ABOUT THIS SCENARIO, WHICH IS THAT THE FOURTH WAVE‘S CORRECTION IS OVERRATED AND IS NOT OVER YET
ON THE OTHER HAND, WHEN REOPENING MAJOR ECONOMIES DO WE BELIEVE THAT WE ARE FACING COLLAPSE IN OIL DEMAND? ESPECIALLY AFTER OPEC+ DECIDED IN APRIL TO CUT OUTPUT BY A RECORD 9.7 MILLION BARRELS PER DAY, AS WE NOTED THIS PROCEDURES COMBINED WITH ARECORD DECLINE IN OUTPUT FROM NON MEMBERS SUCH AS THE UNITED STATES HELPED TO LIFT OIL PRICES TOWARD $36
