USOIL Update

The move in oil is just starting, and I expect the price to wobble early next week before surging to the $80+ zone.

The larger picture provides for the short-lived surge and the price ranging until the end of summer-early September.

All this comes from a bigger picture of unfinished correction that started in March 2022. Such an outlook broadly coincides with my view of the stock market, which I expect to decline in a similar timeline. See my earlier posts on S&P500.