oil moving down
Updated
losing volume momentum, lots of liquidity erased in last month in the markets, with crypto still in the gutter its safe to assume only a few miners are powering rigs with oil.
premium on oil for war will be the biggest factor in price in midterm (see raytheon etc)
ideal situation back to $100 per barrel, the "profitable price" for oil.
we are just entering into a rescission, the price of oil is not in line with the market and will likely continue the bearish trend we saw this year in major indices and we are now seeing in commodities.
tons of supply and no demand in 3,2,
gme to the moon.
thanks for your time
premium on oil for war will be the biggest factor in price in midterm (see raytheon etc)
ideal situation back to $100 per barrel, the "profitable price" for oil.
we are just entering into a rescission, the price of oil is not in line with the market and will likely continue the bearish trend we saw this year in major indices and we are now seeing in commodities.
tons of supply and no demand in 3,2,
gme to the moon.
thanks for your time
Note
9:20 am est. enters main resistance zone early, well beyond projection, looking for exits with possible reentry mid dayNote
looks like yet again a prime oppertunity for another short! following the downtrend, waiting on possible breakout closer to end of the bull cycle.Note
poor resistance, price coming downNote
5% move, 2 for 2 :)
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