Idea for Oil:
- Oil seems to be setting up for an inflationary shock event in the longer timeframes.
- Understanding the trend of oil prices can help in market selection and portfolio construction.
- Oil has broken out of a falling wedge.
- There was a Wyckoff Spring from Hades as price went negative!
- However, lower highs, lower lows, and volatile sell-offs are still a sign of weakness.
- Oil has shown that its price can go negative, so a relatively low price should not be mistaken as a bottom.
- Something to mention is that Biden has shown his international non-interventionist stance with the Israel-Palestine event, and I speculate that he is turning his attention toward domestic population control, from the UFO disclosures. This is a signal for volatility in oil during his term.
GLHF
- DPT
- Oil seems to be setting up for an inflationary shock event in the longer timeframes.
- Understanding the trend of oil prices can help in market selection and portfolio construction.
- Oil has broken out of a falling wedge.
- There was a Wyckoff Spring from Hades as price went negative!
- However, lower highs, lower lows, and volatile sell-offs are still a sign of weakness.
- Oil has shown that its price can go negative, so a relatively low price should not be mistaken as a bottom.
- Something to mention is that Biden has shown his international non-interventionist stance with the Israel-Palestine event, and I speculate that he is turning his attention toward domestic population control, from the UFO disclosures. This is a signal for volatility in oil during his term.
GLHF
- DPT
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.