Guess airlines are buying tankers now. USOIL will be forced back into its channel overshooting $45 a barrel and perhaps quickly back to $70 pulling back from $80.
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
Nota
Sep '22 back to $100 ..
Nota
You can't ignore the monthly hammer forming..Nota
Yup, still on track..Trade attivo
Expecting big leg up shortlyNota
Something in the making Nota
On 1D Trade attivo
Pump that Oil Trade attivo
We have another go! Nota
Added alternative PA path based on PA momentum of the past weeks. It targets $160 by December '22. Nota
It seems to slow down to break $45 Nota
The diagonal trend is the alternative price action path extended on the monthly into the following years.Nota
Trendline resistance similar to 2002/2003 with SARS, which eventually lead to the housing bubble in 2008.. Nota
Oil continues to follow trend with target $160 by Sep'21 Nota
Angle towards target prevails (big arrow). New Divergence set in as visualised by trendline with original target angle (small arrow). Indicating target may be reached earlier or a correction for recent delays is being made here imho. Nota
Date time adjustment following USD bull perma rig disassembly Nota
On track nevertheless, call me crazy.. Nota
Zoomed in at 4H Nota
65 before we head back up to 160? 
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