2022-01-18

Crude Oil

Oil is going to make a major move soon.
I don't know where point 7 may terminate, but the analog is now "complete" through point 7 assuming it does turn lower. If the analog holds beyond that, support around $67 per barrel will fall in the next couple of months.
If instead "this time is different" and oil breaks the pattern, it'll lights out for central banks, governments, stock markets and the global economy.

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