Previous analysis in 2021 was correct. Oil and natural gas are rallying for all time highs, fuelling inflation as an impact.
$90 dollar has now been hit and a test of the $100 psychological level is next (possibly followed by consolidation).
New target areas are:
Target 1: $100
Target 2: $107
Target 3: $114
After these targets are hit, only time will tell whether price will retest the all time highs of $147 - $150. However, a possible war with Ukraine/Russia may spike oil prices even higher....$150-$200
$90 dollar has now been hit and a test of the $100 psychological level is next (possibly followed by consolidation).
New target areas are:
Target 1: $100
Target 2: $107
Target 3: $114
After these targets are hit, only time will tell whether price will retest the all time highs of $147 - $150. However, a possible war with Ukraine/Russia may spike oil prices even higher....$150-$200
交易進行
Target 1, $100 was reached in the early hours of this morning following the confirmed invasion of Ukraine.註釋
All three targets (£100, $107 and $114) have been reached at a much faster rate than expected due to the war. This increases the probability of oil testing the all time high set in 2008, at $150 a barrel註釋
Price is currently at $125. If price closes above $140 by the end of March 2022, this will result in Oil possibly running to $150 and above. Possibly $200 as previously mentioned. The sanctions on Russia begin at the end of March, so this maybe the catalyst, or missile attacks on oil/nuclear supplies.
Regardless, this appears to be the catalyst for an economic (bearish) supercycle....a great depression, possibly a reset of the financial system removing the dollar as the sole reserve currency.
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