Oil is about to make a move higher.

At this point it is not clear if it is already the final wave 5 of 5 or still early wave 3 of 5 of 5.

I guess we will find out how hard the supply shock really hits in a cold winter environment.

Anything between $86 to $130 is now in the cards for the coming winter.

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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