Description
⋅ New Elliott Waves cycle just started !,
Why Sir Warren Buffett is Investing millions on oil Companies ? (not a coincidence)
well, this migh answer your question
Notice the Candlestick Reversión Pattern (Green circle) on Monthly Candles, what gives an Stronger signal.
Arabia Saudi, an Oil based economies are loosing a lot of money because of Low/mínimum prices.
for how long, or how much can they afford a US$ 30 - 40/barrel oil ? Just a matter of time...
Forescast By Bloomberg and Goldman Sachs also predict this new BULLISH OIL ROUND
And I believe this Elliott Wave analysis is pretty accurate..
marketoracle.co.uk/images/2015/Jan/oil-price-prediction-decmber-2012-june-2016.jpg