Gasoline Bearish Formation
"Gasoline... breakfast of champions" - Joe Dirt
Consistent with our view of #Oil, gasoline shows us a beautiful bear wedge.
Are we all just expected to pay $4.50+ / gal of gasoline? This seems like a tall ask for the American consumer, considering prices are significantly elevated across most of the American ( & global ) economy.
Emerging markets getting beat up all around the globe
Commodities have started to selloff
Interest rates are rising
USD ripping higher
crypto bubble... popping...?
Let's see how it goes!
God bless!
Consistent with our view of #Oil, gasoline shows us a beautiful bear wedge.
Are we all just expected to pay $4.50+ / gal of gasoline? This seems like a tall ask for the American consumer, considering prices are significantly elevated across most of the American ( & global ) economy.
Emerging markets getting beat up all around the globe
Commodities have started to selloff
Interest rates are rising
USD ripping higher
crypto bubble... popping...?
Let's see how it goes!
God bless!
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