Oil is at resistance, look for a move down over the next 1-2 years followed by a massive rally above ATH. This shows oil has been in a 5 wave move ever since 1970s. 1970s was the beginning of the petrodollar. The 5 wave move is a diagonal and is most likely ending diagonal or leading diagonal. Either way look for a sharp correction after every thing is done.
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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.