CRUDE OIL TO HIT $160?ðģ (Long analysis)
TVC:USOIL
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What you are seeing on the chart, is price action of Oil prices on the 2D timeframe. Crude Oil finally bottomed at the end of November, just a little after Gold & since then has been making its way back to the upside. I believe we are now at the bottom of the market & getting ready for a long term uptrend towards $160ð
All commodities like Gold & Oil are in a long term uptrend from a technical stance hence why were buying. As western nations put a cap on Oil prices, Oil prices will keep shooting higher, making it expensive for countries who follow these sanctions. Russia has also threatened to stop doing business with countries who follow U.S. sanctions.
Will this PLANNED Oil shortage & price rise be the next pandemic? Is this what will force the everyday person to start switching to Hybrid & electric vehicles?
All commodities like Gold & Oil are in a long term uptrend from a technical stance hence why were buying. As western nations put a cap on Oil prices, Oil prices will keep shooting higher, making it expensive for countries who follow these sanctions. Russia has also threatened to stop doing business with countries who follow U.S. sanctions.
Will this PLANNED Oil shortage & price rise be the next pandemic? Is this what will force the everyday person to start switching to Hybrid & electric vehicles?
