Oil looking to make big rise in 2022
Crude oil just broke out of long time falling wedge pattern at around the $60.00 area as seem on chart. With inflation at 20 - 30 year highs, war looming, and talks of strikes at the refineries the target of $162.95 area could easily happen. This will cause sky high gasoline prices going into Q2/summer and continuing throughout fall/Q3, I am assuming.
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