Long term view on crude oil

77
Just my opinion on what's coming with the current global inflation picking up. The last 12 years have been a falling wedge with the 3 confirmed impulses. We touched the first resistance at 66$, bounced back and look like we are now heading for a re-test before the end of the summer. If oil break out, the next resistance will be around 75$. At this point if it go higher, it would be safe to talk about a new commodities supercycle.



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