Oil predictions I made last two years have been very rewarding. My oil prediction started from micro-cap stock, BDCO (Blue Dolphin Energy), mega-cap XOM (Exxon Mobile), other gasoline and fuel, and oil refinery-related stocks. Their stock performances are very closely related to the movement of Crude Oil prices and it becomes a good indicator to predict individual oil stocks as long as you understand the price movement of Crude Oil. My recent oil prediction was made in July, ANOTHER OIL RUN UNTIL OCTOBER BELIEVE ME when the price of Crude Oil was quoted at around $65-$70. I predicted it to go up from there until October 2023. I was not able to specify the topping price, jumping from the price $65, however, I predict it to go up to the price wherever the price quoted in October. On September 5, 2023, the statuses of the individual oil stock prices were updated along with the Crude Oil price (Update On The Oil Prediction 2023). As predicted, they all went up. Crude oil rallied up to $94 and 30% up in three months. This rally continued until Oct. 1st and topped and turned around as shown in the images below.
<Crude Oil>$95 (9/28) Down to $75
<Exxon Mobil> $120 (9/28 ) Down to $102
<APA Corporation>$42.80 (9/28) Down to $36
<Chevron Corporation>$171.7 (9/28) Down to $141
<Conoco Philips > $127 (10/18) Down to $114
Time Principle indicated that October is the month of Top for the rally. Crude oil dropped down to $75 on 11/11 from $95 on this date and it is going back to where it was in July 2023. This is a powerful tool to predict Top and Bottom and is a useful tool to be used for a trader who is called a "Swing Trader" and profits from the weekly to monthly market movements. This can apply to commodities, stocks, crypt any market that can be influenced by speculations. Now I am predicting Crude Oil along with any other individual oil stock to go down until April 2024. When it hit the top in October 2023, that was the best time to short the markets and should have made more than 50% Up and Down movements over the last 5 months.