$50-52 in a week or two would be ideal
this is over-cooked and the macro-tailwinds can rapidly become headwind
anti-ESG sentiment is at all time highs
People are now conditioned to believe in a Fossil-Fuel Super Cycle, to protect them against failing Tech investments from 2021
this is over-cooked and the macro-tailwinds can rapidly become headwind
anti-ESG sentiment is at all time highs
People are now conditioned to believe in a Fossil-Fuel Super Cycle, to protect them against failing Tech investments from 2021
Note
Top printed in the 50-52 range as targetedNote
relief rally in play up to 40-42Note
relief rally topped around $39Note
WOW a second drive down to $31 followed by a rally to $43it is possible that a new high is printed soon
Note
looks like a distribution top structure. La Nina winter ahead for North America may spell less demand than anticipatedNote
distribution continues, this now looks like a broadened double top - similar to bitcoin 2021 and gold 2000 - 2022Note
any rally back to $50 should trigger a massive amount of selling
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.