Oil to Rise? No Way !
Sorry politicians, sorry Trump!
Oil is doomed to collapse, and the US Dollar has one way to go, up, it'll increase in value too much and kill American economy.
Look Brent Oil chart above, do you see the three peaks it formed?
Three peaks each one is lower than the previous, $147 in 2007, $100 in 2014, $70 in 2019.
Look again, see the two bottoms in between, each one lower than the previous.
Even the PPO indicator (Percentage Price Oscillator) forms a series of lower highs and lower lows.
Oil have one way to go, down.
Oil is doomed to collapse, and the US Dollar has one way to go, up, it'll increase in value too much and kill American economy.
Look Brent Oil chart above, do you see the three peaks it formed?
Three peaks each one is lower than the previous, $147 in 2007, $100 in 2014, $70 in 2019.
Look again, see the two bottoms in between, each one lower than the previous.
Even the PPO indicator (Percentage Price Oscillator) forms a series of lower highs and lower lows.
Oil have one way to go, down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.