Monday, March 27, 2006

Oil Price Prediction With The Elliott Wave Theory - #3

The predicted price pattern of 2/7/05 has aligned very well. The price decline in October of 2004 is now labeled as the 4th wave in an overall upward trending cycle. The current forecast (below) calls for a continued surge above $75/bbl. At that point a correction should occur.
Prior prediction:

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