Short
WWZ Oil Short
My private idea has Alot Of Lines going to $ thirty seven and a half, around October 2023. Other S/R are at around Fifty Two and $44.
2008 peak to 2020 bottom, 12 years, needs about 12 years for symmetry to break into new highs. We are in only third year. Futures value at 2020 bottom was negative 37 dollars US. To positive 37 dollars US is 74 dollars difference.
...74? Um, anything happen in 1974? Tradingview will change important numbers so I have rephrased from a general internet search:
'1973 Oil Crisis By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US $ Three per barrel (119/M) to nearly $ Twelve per barrel (75/m3) globally;'
5o years ago, oil producers were against the war of that time reducing production and thus driving up prices. It is 2023 now and I surmise too many playas are in favor of WWZ. And more. Meanwhile, I say we must expand into the cosmos.
That is a "Z" in the graph reversed imaged.
I am not taking this trade.
2008 peak to 2020 bottom, 12 years, needs about 12 years for symmetry to break into new highs. We are in only third year. Futures value at 2020 bottom was negative 37 dollars US. To positive 37 dollars US is 74 dollars difference.
...74? Um, anything happen in 1974? Tradingview will change important numbers so I have rephrased from a general internet search:
'1973 Oil Crisis By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US $ Three per barrel (119/M) to nearly $ Twelve per barrel (75/m3) globally;'
5o years ago, oil producers were against the war of that time reducing production and thus driving up prices. It is 2023 now and I surmise too many playas are in favor of WWZ. And more. Meanwhile, I say we must expand into the cosmos.
That is a "Z" in the graph reversed imaged.
I am not taking this trade.
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