oil and the secondary wave of inflation.

before you read any further read my post from may:
peak euphoria.


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in may of 2023 i called the top on oil and projected we come down into the $50-60 range. we ended up playing it out quite flawlessly. a lot of people were very angry at me for whatever reason back when i was calling for the top, probably due to their elevated levels of confidence and greed. those people got wiped out.

today, i bring to you a follow-up prediction, in line with my us10y prediction.

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i'm predicting that oil hits $181 per barrel over the next year, which will cause a secondary wave of inflation.

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oil w5 algo = $181
Crude Oil Futures WTI (CL1!)Elliott WaveEnergy CommoditiesGASOilQQQS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) WTI (Crude Oil)XLE

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