With the current turmoil of the ukraine vs russia pre ww3 war has caused a major spike in oil cost.
the price of oil has increased by $60+ in the 1st qtr of 2022 alone.
the march spike of $127 comes as no surprise as big v.p (putin) has been holding his reserves by the nuts.
monthly close of $104 looks promising
look for oil to retrace in april back to test sub $100 barrel levels but i believe by may-june oil will soar once again about the $127 impulse to touch $150 and create a new ath.
remember this is payback for the pandemic when we saw oil go to $0 a barrel 04/01/2020
payback is a bitch just know.
the price of oil has increased by $60+ in the 1st qtr of 2022 alone.
the march spike of $127 comes as no surprise as big v.p (putin) has been holding his reserves by the nuts.
monthly close of $104 looks promising
look for oil to retrace in april back to test sub $100 barrel levels but i believe by may-june oil will soar once again about the $127 impulse to touch $150 and create a new ath.
remember this is payback for the pandemic when we saw oil go to $0 a barrel 04/01/2020
payback is a bitch just know.
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