WTI OIL Ultimate long-term guide.WTI Oil (USOIL) has a tendency, like a number of key traditional assets, to follow long-term Cycles. Market psychology more times than not makes investors and the market behave in similar ways (euphoria buying, panic selling) given the same market conditions. Fundamentals and catalysts can often be used as reasons and excuses to confirm the technical trends and long-term Cycles.
Oil is no different and on this 1M time-frame analysis we see why. The dominant multi-year pattern is a Channel Down and it has started on the July 2008 All Time High (ATH). Right now it appears that we are inside a Wedge pattern similar to 2011 - 2014 and more specifically on the final Bullish Leg towards the top.
The 1M RSI sequence among those two fractals is identical so based on all these parameters we believe WTI will test $90.00 by late 2025 - early 2026 and if rejected, start a brutal long-term sell-off towards the bottom of the Channel Down and the 35.00 - 30.00 range by late 2026 as the Time Cycles suggest.
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