Hi Folks:
Last call proved to be very profitable and seems that channel is being respected so far.
I am not sure what the big money plans to do with Omicron threat and the current Lybia output decrease of 200kbpd so let's see the opening for more clues.
As long as the channel and fundamentals remain unchanged, my target will remain unchanged as well.
The oil will hit its high price next summer so I guess they are going to dump some positions now and make a new rally after hitting low 60s or high 50s.
STAY SAFE. Cheers.
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Last call proved to be very profitable and seems that channel is being respected so far.
I am not sure what the big money plans to do with Omicron threat and the current Lybia output decrease of 200kbpd so let's see the opening for more clues.
As long as the channel and fundamentals remain unchanged, my target will remain unchanged as well.
The oil will hit its high price next summer so I guess they are going to dump some positions now and make a new rally after hitting low 60s or high 50s.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.