DislikedI see there has been some discussion about oil recently...this quite pretty much sums up my view on the affect of a high oil price and why high oil price won't be sustainable over the medium-long term.
[i]“A one-dollar, one-day increase in a barrel of oil takes $12 million out of the U.S. economy,” said Jason S. Grumet, president of the Bipartisan Policy Center, a Washington research group. “If tensions in the Mideast cause oil prices to rise by $5 for even just three months, over $5 billion dollars will leave the U.S. economy....Ignored
we are definitely in opposite direction regarding the oil price, bc my charts are telling me a higher oil in the long term, that's just the way I interpretate it and not forget my crystal ball (just kidding).
but if she dictate other opinion than mine I whould abbandon whatever I know and follow her, but in the meanwhile I'm following the flow to the upside
wish you all the best!!
edit: just look at the chart is just crazy what is happening right now, something huge is developing. Right now is the time to hope that price will go much more higher and leave the temptation of taking profits.