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Fomenka
Sep 7, 2022 8:42 PM

USOIL Update 

WTI CRUDE OILTVC

Description

Will elaborate on it further tomorrow with a longer term chart.
Comments
DemoDiaryFX_Trading
thanks for that. I'm still overall short from these structure
MtICHI
Hello 100 $ looks impossible for now .waiting for your broad details on the issue
Bill_Howell
Super interesting market right now. There seems to be a strong belief that the US attempt to cap Russian oil price will work, or that reduced economic expectations (even recession?) will bring prices towards pre-covid levels? As with the China semi-conductor blitz (have to build big time), re-channeling oil to non-US pact (eg India, China, etc), and the creation of alternate services (eg insurance) arrangements might ensue? The Russian ruble peg to gold was an impressive move, what are we going to see next, a faster emergence of an alternate reserve currency? Mid-term shifts without coal seem far-fetched, while fingers might be crossed for 2035 commercial fusion energy? Risky, volatile situation.
wolffarchitecture
Glad your back
YouCannotBeSerious
Will be very interested to see your further update. I went very long oil at the close. So I hope you are right!!
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