Sep '21 USOIL $160
Updated
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..
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Sep '22 back to $100 ..
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You can't ignore the monthly hammer forming..Comment
Yup, still on track..Trade active
Expecting big leg up shortlyComment
Something in the making Comment
On 1D Trade active
Pump that Oil Trade active
We have another go! Comment
Added alternative PA path based on PA momentum of the past weeks. It targets $160 by December '22. Comment
It seems to slow down to break $45 Comment
The diagonal trend is the alternative price action path extended on the monthly into the following years.Comment
Trendline resistance similar to 2002/2003 with SARS, which eventually lead to the housing bubble in 2008.. Comment
Oil continues to follow trend with target $160 by Sep'21 Comment
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. Comment
Date time adjustment following USD bull perma rig disassembly Comment
On track nevertheless, call me crazy.. Comment
Zoomed in at 4H Comment
65 before we head back up to 160? Related publications
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