Commodities Analysis and Opinion

Crude Oil Cracks

2022.11.21 13:04

[ad_1]
Tim Knight

Well, I guess Zerohedge’s prediction of $300/bbl oil isn’t panning out. My own speculation, however, has done so. As earth’s only energy bear, I have stood alone in ignoring all the sensible reasons that oil is going to surge higher for years to come, and instead relied on my simple-minded charts. I like how this is going.

Crude Oil 1-Minute Chart

You see, 100% of the Ukraine War ‘excitement’ is gone; indeed, we are well below prices than before the war even started.

Crude Oil Daily Chart

The slow collapse of earth’s economy will just send this thing into a tailspin. You think energy has a great future? Maybe there are some FTX tokens you’d like to buy too, like as a 60/40 kind of portfolio.

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button