Merry Christmas!
Back in June of this year, I gave you a real-time lesson in Oil. I explained how OPEC cuts do not mean it's bullish for oil based on supply cuts. Why? Bc OPEC is telling you there is diminishing demand for oil that was causing the cuts.
Not even two ongoing wars could cause oil to spike.
Today I will give you a nice and simple Christmas gift. A bullish Oil chart setup. Of course, you have to wait for the crack and breakout to occur. Well worth keeping an eye on this simple setup in my view.
Back in June of this year, I gave you a real-time lesson in Oil. I explained how OPEC cuts do not mean it's bullish for oil based on supply cuts. Why? Bc OPEC is telling you there is diminishing demand for oil that was causing the cuts.
Not even two ongoing wars could cause oil to spike.
Today I will give you a nice and simple Christmas gift. A bullish Oil chart setup. Of course, you have to wait for the crack and breakout to occur. Well worth keeping an eye on this simple setup in my view.
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MAGIC!
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BREAKING: The US buys 3 million barrels of oil for its strategic reserve. ;)
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Nothing has changed from your Christmas Gift. It's even more bullish-looking now with a higher low!
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SAUDI ARABIA ORDERS OIL GIANT ARAMCO TO NOT RAISE ITS PRODUCTION CAPACITY FURTHER:
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BREAKING: ABC News reports US retaliatory strikes against Iran-affiliated militias has begun
Oil at $72 not $172 as expected.
One more down then up.
Oil at $72 not $172 as expected.
One more down then up.
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CRACK!!
Enjoy your Christmas president! ;)
Enjoy your Christmas president! ;)
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OIL $79.75 😉
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MAGIC! As expected! ;)
Real Macro Economic Investing
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