Oil forks suggest a more sustainable bull trend has bee set.

Mar 22, 2022

The fork from the 2008 bull run was too steep to hold up. However, the recent run seems a much more sustainable grade, and lines up well with past moves. Perhaps the fork channel widens more here soon, but this looks about right here. The fibs are pretty close. I doubt we see 550/BRRL again soon. Should stay above the median for quite some time.

Nov 21, 2022

Note

The fibs are updated here and I had to use the colors of the fibs above it, so maybe confusing, but it bounced off the .125 fork fib. If it fails it, median is $69.