Guess airlines are buying tankers now. USOIL will be forced back into its channel overshooting $45 a barrel and perhaps quickly back to $70 pulling back from $80.
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
הערה:
Sep '22 back to $100 ..
הערה:
You can't ignore the monthly hammer forming..
הערה:
Yup, still on track..
עסקה פעילה:
Expecting big leg up shortly
הערה:
Something in the making
הערה:
On 1D
עסקה פעילה:
Pump that Oil
עסקה פעילה:
We have another go!
הערה:
Added alternative PA path based on PA momentum of the past weeks. It targets $160 by December '22.
הערה:
It seems to slow down to break $45
הערה:
The diagonal trend is the alternative price action path extended on the monthly into the following years.
הערה:
Trendline resistance similar to 2002/2003 with SARS, which eventually lead to the housing bubble in 2008..
הערה:
Oil continues to follow trend with target $160 by Sep'21
הערה:
Angle towards target prevails (big arrow). New Divergence set in as visualised by trendline with original target angle (small arrow). Indicating target may be reached earlier or a correction for recent delays is being made here imho.
הערה:
Date time adjustment following USD bull perma rig disassembly
הערה:
On track nevertheless, call me crazy..
הערה:
Zoomed in at 4H
הערה:
65 before we head back up to 160?
