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Oil has bottomed and is in a bull market


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#1 gannman

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Posted 18 August 2016 - 10:51 AM

Imo slb apa cvx erx hal all look good
feeling mellow with the yellow metal


#2 fib_1618

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Posted 19 August 2016 - 07:42 AM

You've been spot on with this one...nice job!!

 

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#3 gannman

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Posted 19 August 2016 - 09:50 AM

Thanks fib !!
feeling mellow with the yellow metal


#4 dharma

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Posted 19 August 2016 - 10:03 AM

and the implications for gold are very positive. in the 70s bull oil and gold moved together!

dharma



#5 tradesurfer

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Posted 21 August 2016 - 08:13 PM

So oil has been in a bull market since the 1998 low

Amd recently we have a double bottom that is 8 years apart providing massive foundation

Is oil going to move up and spike to new all time highs ?

We are in a war cycle now and a massive supply disruption could cause a spike

But Martin Armstrong says oil will be capped and not go to new lifetime highs because of battery powered cars etc