Oil watching for resistance
업데이트됨
watching for a test of 77.07 for resistance in this area right now to confirm lower prices.
$45 is a long term break even for most producers inflation might have messed with that so possibly could support in the $50 - $55 range as an inflation adjusted target
USA injected as much FUD in the market as they can, my guess is to confuse, and create volatility in the market. No one is making trades based on FUD so this makes sense.
Inflation, inflation inflation is all we hear, and to ease that we get hit with FUD for lower oil prices.
Fud Indicators:
China tensions w/Taiwan - On going all year (note Us warship position right now might be worth a google)
China Tensions w/India - This happened most of the year with border disputes (war makes oil go up)
Russia Tensions w/Usa/Ukraine - Nordstrom supposedly not flowing, Russia ongoing dispute since forever
Omicron - not actually a threat, but they could walk this back at any time, this is the wild card they can spring at any time
Climate change - seems to pop up during seasonal change (EV go boom)
Global disputes happen all the time the media pick and chooses when they want's to dump into for us to read and create panic. Right now its just noise until we have boots on the ground somewhere, I will ignore.
$45 is a long term break even for most producers inflation might have messed with that so possibly could support in the $50 - $55 range as an inflation adjusted target
USA injected as much FUD in the market as they can, my guess is to confuse, and create volatility in the market. No one is making trades based on FUD so this makes sense.
Inflation, inflation inflation is all we hear, and to ease that we get hit with FUD for lower oil prices.
Fud Indicators:
China tensions w/Taiwan - On going all year (note Us warship position right now might be worth a google)
China Tensions w/India - This happened most of the year with border disputes (war makes oil go up)
Russia Tensions w/Usa/Ukraine - Nordstrom supposedly not flowing, Russia ongoing dispute since forever
Omicron - not actually a threat, but they could walk this back at any time, this is the wild card they can spring at any time
Climate change - seems to pop up during seasonal change (EV go boom)
Global disputes happen all the time the media pick and chooses when they want's to dump into for us to read and create panic. Right now its just noise until we have boots on the ground somewhere, I will ignore.
노트
could be another leg down for abc correction looking FUD to leave the market
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