USOIL - LONG TERM
USOIL - LONG TERM
All you have to do is read the last USOIL outlook to see the all the market projections for the week came through within the first 30 hours of the trading week. OIL opened with a huge gap which will stay unfilled unless there are positive peace talks with Russia or other positive data come out for OIL.
To members I stated earlier today $185 is my next ATH target and we MUST cover this in detail as $110 is the last area of resistance before ATH so we are not far away. Day by day and hour by hour Russia are being shut off from the world and again this is becoming a financial warfare as this is the only way Russia can be targeted by other countries without being drawn into a war. Russia have been taken off SWIFT, NATO have said they won't be joining the fight and the support UKRAINE have received is in the form of weapons etc. Sound familiar? yes because it was all written before it happened.
From further research it looks as though Russia as been building a war chest full of finances in preparation for this (years in advanced). Sanctions were doing little until being kicked off SWIFT, Now Russia are raising interest rates to 20% as the economy is suffering and the Rubel is worthless. There stock market has closed and they are being shut offline from wifi, satellite's and airspace. Russia can survive these sanctions but it will come at grave cost for their country. There is one more power move which countries can come together and make to deplete Russia of any hopes of recovery. BAN THE PURCHASING OR RUSSIAN ENERGY.
Banning the purchase or Russian energy comes as collateral for other countries, although it would plummet Russia to a fifth world country it would have mass financial effect on the price of crude oil(WTI CRUDE) for the rest of the world. Supply and demand is the simple terms for it. Cutting from Russian gasses for EU countries would turn them to crude and this would further drive the price up and should this happen, remember this $185.12 and higher will be seen.
WTI (CRUDE OIL) is use to most things you can think of - Fuel, plastics, packaging, textiles and the list is endless. This would drive the cost of living up worldwide pushing us all into a deep recession depending on how long it all lasted.
Next checkpoints :
Russian energy ban
New ATH
Deep world recession
All you have to do is read the last USOIL outlook to see the all the market projections for the week came through within the first 30 hours of the trading week. OIL opened with a huge gap which will stay unfilled unless there are positive peace talks with Russia or other positive data come out for OIL.
To members I stated earlier today $185 is my next ATH target and we MUST cover this in detail as $110 is the last area of resistance before ATH so we are not far away. Day by day and hour by hour Russia are being shut off from the world and again this is becoming a financial warfare as this is the only way Russia can be targeted by other countries without being drawn into a war. Russia have been taken off SWIFT, NATO have said they won't be joining the fight and the support UKRAINE have received is in the form of weapons etc. Sound familiar? yes because it was all written before it happened.
From further research it looks as though Russia as been building a war chest full of finances in preparation for this (years in advanced). Sanctions were doing little until being kicked off SWIFT, Now Russia are raising interest rates to 20% as the economy is suffering and the Rubel is worthless. There stock market has closed and they are being shut offline from wifi, satellite's and airspace. Russia can survive these sanctions but it will come at grave cost for their country. There is one more power move which countries can come together and make to deplete Russia of any hopes of recovery. BAN THE PURCHASING OR RUSSIAN ENERGY.
Banning the purchase or Russian energy comes as collateral for other countries, although it would plummet Russia to a fifth world country it would have mass financial effect on the price of crude oil(WTI CRUDE) for the rest of the world. Supply and demand is the simple terms for it. Cutting from Russian gasses for EU countries would turn them to crude and this would further drive the price up and should this happen, remember this $185.12 and higher will be seen.
WTI (CRUDE OIL) is use to most things you can think of - Fuel, plastics, packaging, textiles and the list is endless. This would drive the cost of living up worldwide pushing us all into a deep recession depending on how long it all lasted.
Next checkpoints :
Russian energy ban
New ATH
Deep world recession
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