Deflation For Oil

Guest Post By John O'Donnell of the Online Trading Academy

By the symmetry of Elliott Wave Theory (EWT) a deep drop in the price of oil is projected to take place over the next six years or so. Of course, this chart could also be drawn with inflation adjusted data but if we are entering a period of debt deflation, the inflation adjustments that would be applied to date (which would raise the curve already completed) will be offset to some extent by subtractions for any period in which deflation occurs. But, bottom line, if the debt deflation fundamentals play out, EWT projects that we will see much lower oil prices within a few years.


oil-projection-deflation-jod-chart-2014-may-29-380x200

Video discussing this chart follows:

No content is to be construed as investment advise and all content is provided for informational purposes only.  The reader is solely responsible for determining whether any investment, security ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.