|2014.06.13 XOI.X Cycle Model Chart|
The Amex Oil Index cycle model is predicting a top in the price curve. According to the model, the price should drift lower to approximately 1000, bottoming in November, 2015. The model has performed well in the past, as shown below. Obviously, geopolitical factors may come into play at this time, and these factors are not reflected in the model structure.
|2014.02.07 XOI.X Cycle Model Chart|
A pointer to the chart above as it previously appeared in the blog is here.