It is as simple as that. Not much more to be said than that, the chart says it all. Too many touches on the resistance and we had the most insane capitulation in 2020. The production of oil has taken a big hit and the price will keep rising as demand comes back. That's bad for growth, but we are here to make money. Hedge your fuel expenses and go long Oil!
Komen:
s3.tradingview.com/s...shots/c/cvohFJjh.png Oil is pushing higher and higher. Above 80$ it is pretty much open air up until 100$
