The charts show that oil, natural gas and wheat could “boom,” says Jim Cramer.

CNBC’s Jim Cramer said on Tuesday that some items may be returning soon.

“The charts, as interpreted by Carly Garner, tell us that the cycles of booms and busts in commodities never stop, and right now this is good news for oil, … natural gas and wheat prices,” he said.

Last year, commodities markets were volatile due to Russia’s invasion of Ukraine, economic troubles in the US and China, and adverse weather that dampened investor sentiment and reduced supply. Oil, natural gas and wheat prices rose sharply in the first half of the year but stabilized somewhat in the second half as the Federal Reserve raised interest rates and the pandemic-induced supply problems resolved.

To explain Garner’s analysis, Cramer studied the weekly chart of West Texas Intermediate crude oil, a US oil benchmark.

He noted that last year, Garner was adamant that oil would return to its previous trading range after Russian oil under sanctions was redirected to India and China, and the chart shows that her forecast came true.

Cramer added that she expects oil to hover around $65 to $70 a barrel at the low this year and possibly mid-$90 to $100 at the high.

“She expects this channel to be sustainable and therefore recommends buying dips,” he said.

For a more detailed analysis, see Cramer’s full explanation below.

Jim Cramer is reviewing the latest chart analysis from Carly Garner.

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