As expected the long-term channel broke. Twice I posted the setup prior but never broke.
This time it has. great setup from a risk-reward standpoint.
Again as mentioned in earlier posts.
"Do not fall victim to this Texas Oil Crisis. Oil moves for two main reasons.
1. Global Demand
2. A significant drop or rise in $.
Commodities are on the rise without a doubt and the dollar has been weak.
Global demand is not there. Using Jan 2020 as a benchmark, $60 is overpriced.
Don't waste your time with EIA reports, OPEC, blah, blah."
This time it has. great setup from a risk-reward standpoint.
Again as mentioned in earlier posts.
"Do not fall victim to this Texas Oil Crisis. Oil moves for two main reasons.
1. Global Demand
2. A significant drop or rise in $.
Commodities are on the rise without a doubt and the dollar has been weak.
Global demand is not there. Using Jan 2020 as a benchmark, $60 is overpriced.
Don't waste your time with EIA reports, OPEC, blah, blah."
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
