Our previous Oil post was perfectly on support. It is now over 17% higher since our entry.
Even more impressively, you may go back to our post on March 3rd: also here: and here:
Pure perfection..FXPROFESSOR style
OIL PRICES: War in Ukraine is the biggest issue here. Inflation equally the other big issue. Then again you know a lot about these 2 factors but there is a third one:
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales Talks between Riyadh and Beijing have accelerated as the Saudi unhappiness grows with Washington.
Unfortunately we must keep our eyes open on all these and pray for the best. Situation is not a good one.
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