OIL to 150?????

9 באפר׳ 2022

Oil on the massive monthly picture looks like a falling wedge that can take us to 150 still. In the short term there's two ways you can look at it and they are both bullish. Either we are in a falling wedge that is going to take us to 118 at least. OR, what I think is most likely, we are in this symmetrical triangle consolidating to make our final move to 150. Both bullish cases imply negative consequences to the economy. Most likely another escalation in the economic war/ or military war with Russia is coming soon.