The timing of your video is extremely telling. EXTREMELY. That price chart of crude you showed is an ending diagonal and the buying volume on the pattern if you zoom out is very low compared to the earlier rise we experienced in Spring-Summer 2021. This indicates an end to the upward impulse coming soon. Everyone is loaded up on one side of the trade and here you are telling more to get on board. Haha! Also..... at **24:20 you presented the charts on longs vs. short positions and are clearly biased or blind. All your lines are the same dang color so we can't hardly differentiate but if you pause and look for a bit you can see that the shorts have gone down and the long positions mirror the rise in NET positions....meaning their mostly all long positions..... Wow. What about the impact of a rising dollar? The fed is maintaining a firm stance on monetary policy as they should and the dollar will keep rising as a result. You need dollars to buy oil, if the dollar's price keeps rising then the cost and difficulty to get dollars rises, this crushes demand although there is a lagging effect we're just starting to see right now. The U.S. is in a fantastic position to supply oil to Europe if Russia invades Ukraine. All we need is competent leadership to take advantage of these opportunities.
@Broteese2 жыл бұрын
How you doin
@MonetaryRebel2 жыл бұрын
@@Broteese That aged super well didn't it? Lol Yeah... I did not take an actual War into account...or the fact that the White House is dead set to just make it go higher. :P
@Broteese2 жыл бұрын
@@MonetaryRebel yup, western policy is a train wreck sadly.. We are in for one hell of a ride.