As the legendary W. D. Gann used to say “when price meets time, change becomes imminent” and that is exactly what we told our clients to expect to happen. Price ($42.21) had indeed met time (June 20th/21st) and therefore change had become imminent. As such, we told our clients that oil’s bearish leg was over and that they should expect a strong reversal to the upside through around June 30th.
Below are the charts showing how oil has accurately obeyed its forecast. The first one is the chart with the same forecast curves that you saw above but updated with the missing price bars as of today.