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..
Doubts about where the market will be heading the next few days? Here are my view on this. Don't pin me on it but I have spent quite a few hours/days/weeks/ if not months on UJ and UJ seasonality so I'm pretty confident. Nevertheless you never know if the USD raging bull got himself a new tool early for christmas and is capable of pushing over macroeconomic cycles...