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Created on: 8/13/2023 3:23:26 PM Last Update: 8/13/2023 3:58:06 PM Posted by: RTT
WARNING: This entry is 590 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Crude Oil near $300 plus
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 If the crude oil price follows its performance of the last 100 years, then a print of $300 plus oil in US dollar terms is on the table in the next decade.
Of course, crude oil priced in US dollars means higher oil prices can be the result of bearish US dollar fundamentals more so than a bullish crude oil fundamentals.
Pulling commercial (light sweet) oil out of the ground can be classified into two groups: easy and hard. Easy is cheap oil production; hard is expensive oil production. The world has enjoyed cheap oil production for decades, and we are now moving into expensive oil production.
Buy the deep corrections are to be considered over the next decade.
Chart 1 - This tweet makes a point, plus it highlights the debate around future oil production.
Chart 2 - Oil history and price channel forecasts
Click for popup. Clear your browser cache if image is not showing.
Chart 3 - Oil long term cycle
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Chart 4 - No wonder central banks are buying all that gold. Gold follows oil.
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
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.
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Investing Quote...
.."Keep the number of stocks you own to a controllable number. It is hard to herd cats, and it is hard to track many securities. Take your losses quickly and do not brood about them. Try to learn from them but mistakes are as inevitable as death."..
Jesse Livermore
.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic... There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."...
Paul Tudor Jones
.."man exists for the achievement of his desires"..
Ayn Rand
.."A lie told often enough becomes the truth"..
Vladimir Lenin
..“The key to successful investing is having everyone agree with you — LATER.”..
Jim Grant
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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