January 12, 2022 - (Gold Market Wire) - Crude Oil is now closing in on the Daily Closing High, as it takes yet another leg higher in the march to $100 a barrel oil - a target that is now coming into the range of possibility. Since December, the market has added some 20%, and looks prepared to move higher.

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This is the type of market that starts to look like a complete reset, rather than a bull run. The exploration and production of oil, now not just starved from finance and development by the Green lobby, but actively being dismantled by it is going through a complete change. Oil is going to become a precious, expensive commodity that only the super rich can afford, not because of scarcity - but because of Green legislation. More and more people are going to find travel unaffordable, and homes more difficult to heat.

Greta Thunberg must be ecstatic with everyone's encroaching misery.

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Addendum: adding in the power uptrend, redrawn with the latest action... and the primary trend line (in purple):