This will take years, if it is anything like prior cycles.
During this time the stock market generally has a sideways motion (the indexes) (slightly higher highs and slightly lower lows over and over.
it would then crash to 130 ish and settle out at 250 as the new paradigm.
I am fascinated by oil, it seems like the adult bitcoin.
During this time the stock market generally has a sideways motion (the indexes) (slightly higher highs and slightly lower lows over and over.
it would then crash to 130 ish and settle out at 250 as the new paradigm.
I am fascinated by oil, it seems like the adult bitcoin.
Note
"Over millions of years, the remains of these animals and plants were covered by layers of sand, silt, and rock. Heat and pressure from these layers turned the remains into what we now call crude oil or petroleum. The word petroleum means rock oil or oil from the earth."Oil is the only resource I know of that is a finite supply, only available on earth, not asteroids or other planets.
This stuff is truly fascinating.
I think I am in love.
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Absolute ScarcityNote
People laughing, as oil is about to go on another life changing cycle. How it changes your life depends how you're positioned.
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OK. so were going back to test the 200 day moving average. But my hunch is that were breaking through. Why else come back? should of just headed down if it was a rejection.Bears tried. They failed.
Bulls bout to smash through.
Biden making remarks about increasing oil production. LOL writing is on the wall i swear... he has the top advisors, they're telling him this shit about to moon.
Note
The first time the macd on the 12 month crossed was 1945.it led to an oil price increase of 200% from the point of the cross. it did not correct downward after, it slowly climbed over many years before crossing up once again in 1970.
The 2nd time it crossed up was 1970, Oil went up 1100% from the point of cross before a major correction.
The third cross was mid way through 2001, the price of oil went up 727%.
The fourth potential cross is staring us in the face.
If history is any guide, oil price could be between 200 per barrel minimum, 530 midpoint, and 750 topside....
Point is... if this crosses, and its looking increasingly likely, then were in for a great number of years.
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To make the situation even better, go take a look at the top oil ideas on tradingview.Short SHort SHort SHort Short Short Short.
LOL
yeah dont mind if we do squeezem
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Yesterdays price action annoyed me, because I remain convicted of higher prices. I ignored it and did other things.Everyone and their mom shorted, smart shorts closed at the lows, rest are probably trapped and will be fuel for higher.
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I could be wrong here, but a few % up is not going to change my mind. Broader market getting rekt carries huge risk for oil.I believe oil will hold its ground better than the rest of the stock market, however, that does not mean there will not be losses. (in oil equities, which is what i sold)
A quote for today:
Nathan Rothschild "Learn to sell early, live with regret and become rich because of it."
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Additionally, I have to assume the administration will slam this down. inflation re-acceleration is occuring, that cannot be allowed to happen.Jpow plus biden going to put a stop to it. For now.
if they dont, then i will be speechless.
Reserves released, interest rates significantly increased.
Inflation expectations MUST remain low.
Note
Let me be clear though, fighting this through rising rates will only lead to under investment and a lack of supply in the future. so the run to 500 is still on, but delayed IMO.Disclaimer
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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.