Oil confirms bullish signs, following bitcoin fractal.
Remember, trend exists only when the sentiment is bearish, since there are people who will buy at expense in the future and push the price higher (markets are just a sophisticated ponzi scheme). World faces energy crisis with outages in multiple cities in the US and rising electricity costs all over the world. Energy stocks will go up in tandem, including uranium, coal, gas, and even green energy. The reasoning for this is simple, world demands energy and, at most, nobody cares whether it is green energy or not.
Remember, trend exists only when the sentiment is bearish, since there are people who will buy at expense in the future and push the price higher (markets are just a sophisticated ponzi scheme). World faces energy crisis with outages in multiple cities in the US and rising electricity costs all over the world. Energy stocks will go up in tandem, including uranium, coal, gas, and even green energy. The reasoning for this is simple, world demands energy and, at most, nobody cares whether it is green energy or not.
