Please find our previous chart on oil:
We've zoomed out to a leap year, many of the trend lines are pointing towards 25 July 2022 x
The corners of these lines are pointing from the end / bottom of March - April 2022, when we had our first global lockdown.
The other corner from the start of 2016, we've flipped over both these lines, doesn't look like much support.
We might see some support below $100 but it looks like much of this support and resistance is getting pushed into 25 July 2022 x corner.
Above $100 in the near future seems more likely, how much above we aren't sure exactly.
Anyone have any idea what we can expect to pay for a barrel of oil by end of this year or 3 years to 2025 and 6-7 at the turn of this decade?
Speculations are welcomed, we consider none of this financial advice, we are research and speculating, looking for the professional and seasoned bulls and bears.
We going to take a look at oil from a lifetime in our next chart:
Cheers
We've zoomed out to a leap year, many of the trend lines are pointing towards 25 July 2022 x
The corners of these lines are pointing from the end / bottom of March - April 2022, when we had our first global lockdown.
The other corner from the start of 2016, we've flipped over both these lines, doesn't look like much support.
We might see some support below $100 but it looks like much of this support and resistance is getting pushed into 25 July 2022 x corner.
Above $100 in the near future seems more likely, how much above we aren't sure exactly.
Anyone have any idea what we can expect to pay for a barrel of oil by end of this year or 3 years to 2025 and 6-7 at the turn of this decade?
Speculations are welcomed, we consider none of this financial advice, we are research and speculating, looking for the professional and seasoned bulls and bears.
We going to take a look at oil from a lifetime in our next chart:
Cheers
