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Created on: 4/2/2023 7:34:25 PM   Last Update: 4/3/2023 3:42:22 PM Posted by: RTT
1 POST Oil is looking very Bullish
oil-is-looking-very-bullishOil is a major influence on inflation. So its going to make issues for western economies in about 6 to 9 months.

- China opening
- Russia cutting production to boost revenue.
- OPEC cant increase production (or refuses to or the CUT! Update OPEC cut $1M barrels 2023-04)
- Target: Oil back over to the range of $100 to $130+ is the goal.

Of course OIL moves gold, silver and inflation higher (and interest rates) at different stages. Mean while the US will have to sell a lot of treasuries and the US dollar will have to be lower to do that. Oil could hit $150+ just like 2007/08 period.

Charts like oil

Handsome Wyckoff accumulation and retest

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Oil 1




Green cycle line ready to move higher ...


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Oil 2




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OIl 3




SOURCE: This post was originally posted in our private RTT Plus members blog, and released on this public blog in a time delayed manner. RTT Plus members have access to private content immediately.Please be aware links to secured RTT Plus content will not work without a RTT Plus membership.


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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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