Oil

[peat]

another gann global picture showing how they use a number of historic moves of various commodities to project the current ones. you see how the laying of numerous historic waves up from major lows cluster around where we are currently and how then how the projections for the following down leg fan out into the future .
they suggest the turning point of oil around 80.
green projections are bull markets - red are bear mkts

he says the best buy point for investors and speculators is at the end of the (coming) leg down

[peat]

the butterfly theory says oil is now at critical support level of 69
if it breaks it might go to 59.