USOIL: Here To Remind You War Is Raging

Updated
Putin has proven over and over he has no intention of letting up or backing down.

It seems the more the West pushes against him or paints a picture that belittles him he just takes it as motivation.

This is not a man who shares our values, beliefs, and overall perception of the world.

Wars go through phases. The last phase ended when Ukraine sunk Russia's flagship battleship that led his Navy fleet.

Now strategically, all previous range of attacks by Russia has been rapidly changed. Knowing he can't sit at range in the sea and barrage artillery anymore means tactics must change.

They have and now the battle is on the Southern front.

A long and gritty war is underway.

Brave warriors are losing their lives every single day. While we sit peacefully and analyze charts going on about our day.

This means Sanctions, Embargoes, and other driving factors will keep control of Price Action.

This is even despite the 1 million per day barrel release from personal US reserves. Imagine if that wasn't the case???

Interesting times we are in, to say the least...

Here is the Support that is shown in the chart: (Until this is lost caution should be a priority for shorts)
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Pair that with this and a picture may start to form:
USOIL: Correlation With SPX


Understand that this really is a counterview and is inherently really speculative. These are bold predictions that are extremely hard to nail.

Note
Just not really sure why everyone is ready to short this??? This isn't just another day in the office. Biden's unprecedented 1 Million oil barrel release PER DAY was the biggest red flag there could have been for the Energy Market. He wouldn't have acted so quickly if everything was as usual. Pay attention to the Trends!!!! If you are still expecting things to operate as they have the last 2 years, you're in for a really bad time...
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