I disagree. The Ukraine disastrous effect on Russian supply, #Bidenflation, North American Gov't synch'd anti-oil development policies, Global post Pandemic demand increases, ineffectual energy alternatives and more are huge factors affecting the oil market now in ways that I seriously doubt a chart analysis tool can appreciate. The experienced #oil people I get feedback from have expectations for a very tight oil market into next year.
My gut feel tells me that $100 wti is probably where things will sit once all the pieces fall into place in this complex yet simple puzzle. It's simple because ultimately everyone still needs oil and oil underpins every modern economy on the planet.
Crude Oil Investors Better Take This Potential Turning Point Very Seriously
I disagree. The Ukraine disastrous effect on Russian supply, #Bidenflation, North American Gov't synch'd anti-oil development policies, Global post Pandemic demand increases, ineffectual energy alternatives and more are huge factors affecting the oil market now in ways that I seriously doubt a chart analysis tool can appreciate. The experienced #oil people I get feedback from have expectations for a very tight oil market into next year.
My gut feel tells me that $100 wti is probably where things will sit once all the pieces fall into place in this complex yet simple puzzle. It's simple because ultimately everyone still needs oil and oil underpins every modern economy on the planet.