Look at '08Oil to Peak in Late Aug. / Early Sept '22, Make a New Low in May '23 then Rip Higher for years to follow.
SPSIOP trade ideas
Inflation over?Judging by this chart seems like we are about to continue more of the same. Long term downtrend!
Inflation is over now time to deflate It all comes down to Newton’s third law “what goes up must come down”. With the pressure of the federal reserve and the U.S. government doing what they can to hedge inflation. Oil is well on its way to a downtrend the Sp oil and gas exploration index will follow suit. Rising wedge has broken likely next move is down.
