Loading ...Oil update – watch out below
Oil looks to be heading to the mid 60’s. I bought this CAD ETF yesterday as it back tested this head and shoulders neckline.
Inverted head and shoulders: check
False breakdown: check
7 day cycle back test held: check
50 day bounce for the 5th time while inclining…. check 😀
Stop set at the neckline again.
Sir Gus,
Recession causing oil to plunge: check
Biden administration (aka war machine) trying his best to make oil jump: check
GL
Love it.
Anything the Biden admin is trying to do, the opposite will happen!
Small disagreement here: Biden admin trying EXTREMELY HARD to ramp up inflation : will happen more than even expected!
God help us!
GL
Why would Biden want inflation…thats a death sentance for his campaign
Sir Fully,
One ought to live in a sinister-ruled area to think like me (the Pelosi and Newsom empire)
Biden wants to control. Control the nation of debt-serfs. If there’s inflation, then he can drive home the “higher taxes for the rich” in his campaign, always blaming the taxation issue rather than the spending issue.
In case Biden loses, the new (Trump?) administration will have the now unsolvable problem of debt and inflation. The slutty MSM presstitutes must be getting dripping wet already imagining trying to blame it on Trump again! Pardon my wild imagination and my French!
GL – that does make sense, if we do break lower in oil, I am seeing a pretty significant drop in the next couple weeks to mark a yearly cycle low. My friday end of day buy of HED is already up a nice 6%.