Crude Oil has lost both Momentum and Trend.
Now that the 75.62 has broken, the 72.08 to 66.60 Range
is now Open to Trade.
Price had broken Momentum and Trending Clouds with an
outsized move Lower - Exceeding the 3%, 5% ranges.
A 7 - 8% Drop can be Anticipated after the Retracement.
OPEX Meetings - concluded without a great deal of Clarity
as Russia held firm in Output - refusing to Budge and holding
back Supply.
The US is in no position to quickly Ramp Production and with
clear Global contraction underway, there is no real need as
Supply remains plentiful.
The Accident waiting to happen... when Supply itself contracts
and Regional Conflicts begin to Escalate..,
These conflicts are arriving shortly and with it the Price of Oil
will rise again dramatically.
This is our preferred trade for outsized profits into 2022.
Crude Oil will exceed its prior Highs @ 148.60 within 30 Months.
Now that the 75.62 has broken, the 72.08 to 66.60 Range
is now Open to Trade.
Price had broken Momentum and Trending Clouds with an
outsized move Lower - Exceeding the 3%, 5% ranges.
A 7 - 8% Drop can be Anticipated after the Retracement.
OPEX Meetings - concluded without a great deal of Clarity
as Russia held firm in Output - refusing to Budge and holding
back Supply.
The US is in no position to quickly Ramp Production and with
clear Global contraction underway, there is no real need as
Supply remains plentiful.
The Accident waiting to happen... when Supply itself contracts
and Regional Conflicts begin to Escalate..,
These conflicts are arriving shortly and with it the Price of Oil
will rise again dramatically.
This is our preferred trade for outsized profits into 2022.
Crude Oil will exceed its prior Highs @ 148.60 within 30 Months.