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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
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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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Investing Quote...
.."Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion"..
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Basketball Legend Michael Jordan.
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Charles August Lindbergh Snr
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