Long waited Bulls finally arrive to the Oil Markets

אתמול

With inflationary Pressures as high as ever and the expansion of conflicts worldwide but mainly In or around Oil-producing Countries [Russia and the Middle East], added to that the growing fears of a US-Chinese Conflict in and about the Island State of Taiwan. all these prospects and Events are driving factors for a surge in oil prices, Yet as devoted technical analysts we believe that world events are just the reasoning behind whatever the charts want to go. So a bullish analysis was the one that the oil had, the Buying zones of the low 60s worked as resting recliner chair for the oil for the good of a year but nothing stays the same for long, as buyers and sellers were Eying the magnificent Gold moves the oil started what can be a stratospheric launch leading to a whole different economic balance for the next Decade.

Important zones are 87 and 95 with targets as high as mid 120s
USOIL