Oils going up for a bit.

Updated

Oils going back up to $114, then probably (hopefully lol) going back down to around $85/90.

Probably our geopolitical unrest might not go on for too long based on this chart.

Hopefully all ends well for as many people as possible.

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On the other hand, if it fails to break below $100, we could see ranging around these levels.
Perhaps if we don't see an easing of sanctions this could be the case, there is a kind of parity in the supply and demand of oil, so realistically we should be at the top, meaning our petrol prices are likely somewhat near the top here, in the worst case scenario they will keep the prices here till the great crash of 2024.
Hold onto your hats, and if you don't like it, BYD have an affordable range of EVs to buy.
Either way prepare to invest as much money as you can over the next ten years, then semi retire in 2032, oh yeah baby.

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Halfway there already, rarely get an idea validated this fast outside of crypto. Frankly though, I actually need to fill my petrol tank up in a few days, so some kind of crash wouldn't make me mad.

Trade closed: target reached

NOW GO DOWN!

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with any luck we will see a rejection from this area.

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I tried yelling at it to go down earlier but it didn't work, so I've tried classic SR prediction this time, should go better. this monthly candle is a beast honestly, so I'm guessing this area is the top this time. but be warned, it is very likely that after the next major correction oil will trend above these levels at the current way the world is moving, so anticipate that over the next ten years.

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oil might consolidate for a few weeks around the $100 mark, or potentially go down to $90/$85 from here. it would be hard to imagine a significant move in the next few months unless the entire markets crash, so probably since the oil chart movement won't be interesting for a fairly long time, this is the last update here. probably this is the top though based on how terrible this monthly candle looks, so petrol should stabilize or trend down slowly if all goes well.

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here is a monthly chart showing what happened after the last crazy oil candle, obviously this candle is less extreme so less extreme results.

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Trade closed: target reached

thats it oil is boring now. enjoy filling up your tanks guys.

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