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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 488 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
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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...
.."Money cannot consistently be made trading every day or every week during the year"..
Jesse Livermore Trading Rule
.."A socialist is someone who has read Lenin and Marx. An anti-socialist is someone who undertstand Lenin and Marx"..
Ronald Reagan
.....“I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.”..
Martin Zweig
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
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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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