Oil is looking very Bullish

Oil is a major influence on inflation. So its going to make issues for western economies in about 6 to 9 months.


- China opening
- Russia cutting production to boost revenue.
- OPEC cant increase production (or refuses to or the CUT! Update OPEC cut $1M barrels 2023-04)
- Target: Oil back over to the range of $100 to $130+ is the goal.

Of course OIL moves gold, silver and inflation higher (and interest rates) at different stages. Mean while the US will have to sell a lot of treasuries and the US dollar will have to be lower to do that. Oil could hit $150+ just like 2007/08 period.

Charts like oil

Handsome Wyckoff accumulation and retest

Green cycle line ready to move higher ...

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