oil is risingafter a 5-wave rally
oil has entered an ABC flat correction
the B leg of which can go up to anywhere between 150-350 dollars per barrel
but ig this takes the form of an expanding flat
we will once again see that the price frop below the pivot of wave A in the coming years after termination of B wave, to form the major C wave.
when oil was enjoying its top price at the ame of the 5th wave, I remember markets in many of the asian states were flooded with the produce of the West.
the riwen oil price had brought wealth to the oil-producing states & they then could afford to buy many of the products made in the West.
trillions of dollars was transferred from asian states to West & after that oil prices dropped and the people were left with no money and inflation slowly crept inside their economy.
now again, the same senario is repeating itself.
and if they had learned a hard lesson, these states never again do such mistakes.
if once again oil money kept flowing in, they have to form a national trust fund and spend it wisely for the infrastructure of their fragile economy.
