In last week’s tutorial, we discussed a potential cup and handle pattern. I received comments expressing concern that if prices reach those levels, the economy will be unable to sustain them. I share these concerns. If that happens, the economy may suffer an initial setback; however, it will likely adapt to higher crude oil prices over time.
We have seen how the economy adapted to high oil prices following the 1973 oil embargo and from the start of the 'war on terror' in 2001 to the present day.
Most importantly, we must focus on what we can do now to prepare for what is coming.
Micro WTI Crude Oil Futures and Options.
Micro WTI Crude Oil
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
We have seen how the economy adapted to high oil prices following the 1973 oil embargo and from the start of the 'war on terror' in 2001 to the present day.
Most importantly, we must focus on what we can do now to prepare for what is coming.
Micro WTI Crude Oil Futures and Options.
Micro WTI Crude Oil
Ticker: MCL
Minimum fluctuation:
0.01 per barrel = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
konhow@weipedia.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.