Guess airlines are buying tankers now. USOIL will be forced back into its channel overshooting $45 a barrel and perhaps quickly back to $70 pulling back from $80.
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
Then another jump to $100, ready to retrace 2014 and as hyperinflation develops hit $160 by Sep 2021. Followed by a replay of July 2008, deep recession..
Note
Sep '22 back to $100 ..
Note
You can't ignore the monthly hammer forming..Note
Yup, still on track..Trade active
Expecting big leg up shortlyNote
Something in the making Note
On 1D Trade active
Pump that Oil Trade active
We have another go! Note
Added alternative PA path based on PA momentum of the past weeks. It targets $160 by December '22. Note
It seems to slow down to break $45 Note
The diagonal trend is the alternative price action path extended on the monthly into the following years.Note
Trendline resistance similar to 2002/2003 with SARS, which eventually lead to the housing bubble in 2008.. Note
Oil continues to follow trend with target $160 by Sep'21 Note
Angle towards target prevails (big arrow). New Divergence set in as visualised by trendline with original target angle (small arrow). Indicating target may be reached earlier or a correction for recent delays is being made here imho. Note
Date time adjustment following USD bull perma rig disassembly Note
On track nevertheless, call me crazy.. Note
Zoomed in at 4H Note
65 before we head back up to 160? 
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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.