US OIL
Added 2025-01-11 18:45:29 +0000 UTCThis is a significant gear change for US OIL.
However there is no changes to this US Oil chart, this is what we have been using for the last 2 years.
We can see that there has been a breakout to the upside out of the wedge, which is also a breakout above the 200 Day MA $75.45.
So holding above this level now and US OIL can move to the upside as shown.
Could we be talking about Oil in 1 years time and say; 'Of course Buffett was right all along'
Comments
Recession is coming. Oil does not do well in recessionary times
Martin Robertson
2025-01-11 23:28:27 +0000 UTC
