67.78 next support in USOIL. SHORT time
Hi Folks:
Omicron threat is much higher than expected and started to ruin Xmas season to everyone, including those vaccinated.
Oil demand will certainly be affected with all the rising mobility restrictions worldwide, mainly in EU and USA.
EU accounts 80% of the cases to the new variant Omicron and Xmas cancellations are growing massively in travel destinations, restaurants, hotels, Xmas eve parties, etc.
Price has been moving sideways from 70 to 73 but current fundamentals are outpacing worst expectations.
My target remains unchanged at 61ish.
STAY SAFE. Cheers.
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Omicron threat is much higher than expected and started to ruin Xmas season to everyone, including those vaccinated.
Oil demand will certainly be affected with all the rising mobility restrictions worldwide, mainly in EU and USA.
EU accounts 80% of the cases to the new variant Omicron and Xmas cancellations are growing massively in travel destinations, restaurants, hotels, Xmas eve parties, etc.
Price has been moving sideways from 70 to 73 but current fundamentals are outpacing worst expectations.
My target remains unchanged at 61ish.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.