Sep '21 USOIL $160

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..

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Sep '22 back to $100 ..

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You can't ignore the monthly hammer forming..

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Yup, still on track..

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Expecting big leg up shortly

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Something in the making

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On 1D

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Pump that Oil

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We have another go!

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Added alternative PA path based on PA momentum of the past weeks. It targets $160 by December '22.

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It seems to slow down to break $45

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The diagonal trend is the alternative price action path extended on the monthly into the following years.

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Trendline resistance similar to 2002/2003 with SARS, which eventually lead to the housing bubble in 2008..

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Oil continues to follow trend with target $160 by Sep'21

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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.