Hey Fully, I finally found time to answer you about the Crude Oil chart. All is not as well as you might imagine. Please look at how a drawing is done when the basis is a Symetrical Triangle. Hopefully this will clear up doubts about where price is heading as this is a classic continuation pattern at this stage of the trade. I had noted in an earlier post that price projects to 150 dollars. Its actually a little higher nearer 165 but that will not matter until the day arrives. I hope you will not get caught on the wrong side of this trade though.

Edit: I cannot rule out that price won’t break down from this weeks low. If a real deal over Hormuz makes the newswire I will bite my tongue and agree your initial assessment was correct. Until then we will wait and see because it looks like we will get walloped by inflation everywhere once those higher prices start creeping into into our day to day shopping adventures.

I bought a dairy cow this week in expectation of milk prices going up. She is a beauty. Cost me about 900 dollars. We also added chickens and another Donkey. That is hardly my real worry though. I am almost in the same time zone as Tehran and ships plying those waters nearby have not been getting through to Mombassa. Cargo that people have been waiting for in Kenya is trapped behind the Hormuz Straits. Medications and things like that included. Thank God I had large supplies on hand or I would be sweating right now!