WTI: Deflation has started 2022. Dollar on the rise to previous highs
WTI has no room to be in Extended Range any longer. With Stocks and inflational products keeps going lower.
Dollar domination is just getting stronger and VIX is still supressed relative to history. All this is about the breakout to the upside.
Oil will reach 65 WTI price this month because of producers price is at 65. This price will get consumer back in rough times. Consumer spending in oil/gas is at lowest level.
Remember supply and demand. Oil has been trading in static trading range, meaning oil price will go lower in time not higher. There is too much oil stored and prices are just pumped by
inflation and war. Everything that has inflational status will go down hard still. See 50-70% drop still in stockmarket and so with energy prices. 10x natural gas is not sustainable either.
Be ware and take care.
Best Regards
R.B
WTI has no room to be in Extended Range any longer. With Stocks and inflational products keeps going lower.
Dollar domination is just getting stronger and VIX is still supressed relative to history. All this is about the breakout to the upside.
Oil will reach 65 WTI price this month because of producers price is at 65. This price will get consumer back in rough times. Consumer spending in oil/gas is at lowest level.
Remember supply and demand. Oil has been trading in static trading range, meaning oil price will go lower in time not higher. There is too much oil stored and prices are just pumped by
inflation and war. Everything that has inflational status will go down hard still. See 50-70% drop still in stockmarket and so with energy prices. 10x natural gas is not sustainable either.
Be ware and take care.
Best Regards
R.B
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