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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 WARNING: This entry is 537 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Oil is looking very Bullish
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Oil 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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Green cycle line ready to move higher ...
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Investing Quote...
...“Stocks create their own field of action and power; power to attract and repel,which principle explains why certain stocks at times lead the market and ‘turn dead’ at other times”...
William D Gann
.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..
George Soros
.."The first rule is not to lose. The second rule is not to forget the first rule"
Warren Buffett
.."Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception"..
George Soros
.."It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So"..
Mark Twain
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