US OIL Resistance Area

2021年3月6日

US OIL is coming into multiple resistance area. Not only is demand not there to support prices (Airlines, working from home as examples)
Higher rates, stronger dollar, & pre covid price benchmark with 3.4% unemployment
do not support rational price levels. Key word RATIONAL. I remain bearish in oil.

2021年3月23日

註釋

OIL breaking down looking good for the short posted. Risk reward paid off.
I am sorry to PEAK OIL it's going to $100 crowd.

2021年4月8日

註釋

After completing an ABC wave up into resistance OIL has struggled against long-term resistance.