I see a very similar market structure in crude oil’s big picture as in the early days of Bitcoin. People will say, “But what about electric cars?”—yet few realize that over 6,000 products are made with oil. Not to mention, long-term oil use isn't going anywhere, even with the rise of electric vehicles.
I believe oil is actually very undervalued and has been repressed for many years. It can't be held down forever—a big upward move is pretty much inevitable.
As always, stay profitable.
- Dalin Anderson
I believe oil is actually very undervalued and has been repressed for many years. It can't be held down forever—a big upward move is pretty much inevitable.
As always, stay profitable.
- Dalin Anderson
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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.