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Gold Market Wire
News, analysis and commentary for gold traders and investors
Crude Oil Update
Is Crude Oil Getting Ready to Run?
July 19, 2022 - (Gold Market Wire) - The chart formation is ominous. Crude Oil may have just completed a slingshot move - which could mean drastically higher prices.
The war isn't going away. Negotiations have been ruled out by NATO members. Kissinger's warning has fallen on deaf ears.
Oil is preparing to make a major move. Do not, under any circumstances, under-estimate the military demand for oil. If the conflict expands, and it sure looks like it will, the demand for oil is going to go off the charts. And prices will be significantly higher.