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LevRidge
Sep 24, 2022 7:33 AM

Oil prices Long

Crude OilCurrency.com

Description

As biden starts bragging about gas prices coming down, when it's really just setting up for ridiculous new highs... gl

Comment

This took off a little early, wondering if it doesn't spike down before the real move...
Comments
superiorJaguar24882
Well, who said carbon was dead? Lots of pain to come.
LevRidge
@superiorJaguar24882, likely major war coming
day0
@LevRidge, I noticed the same pricing pattern. I'm not selling at these prices. Especially with a very active war that is heating up at the velocity that one would need a significant amount of oil to be relocated to the demand locations. Or they can run out of gas and run away. So it's very likely to increase over the next 6 months to 12 months.
akikostas
I would expect a similar target for the following year(s). A support/consolidation is the green box is probable, with price temporarily reaching even higher.
This chart is about DXY*USOIL/100, not standard oil price.
LevRidge
@akikostas, nice!
superiorJaguar24882
Add, something, will create a desperate need to replenish the reserves post haste. Just my 0.00002 cents
superiorJaguar24882
nice,
akikostas
Agreed!!
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