Oil Hits Target
Housing at record affordability lows
As our readers well know, we have been waiting patiently for Oil to reach the $122 marker and it finally did today. The setup technically has been obviously higher highs and higher lows yet we believe we are about to see a fundamental and technical shift here. We know the Biden administration has already talked with Saudi Bin Salman and is going to meet in SA some time in the near future. We aren’t sure what the meetings agenda will look like, but it doesn’t take a genius to figure out oil output is going to be the top priority. As far as the chart, well we truly like the setup for this one and a clear short with a tight stop may be in order:
