Good morning, and welcome to today's edition of A Better Way To Wealth! The last time the WTI crude oil market was thrown into a whirlwind consolidation range was on the way out of its pandemic bottom. As many of you who were watching the market at the time are aware, the US benchmark for crude oil went negative for the first time ever in April 2020. The front expiring, deliverable contract fell into the negative $40 range. No one even knew this was possible at the time. But what followed is what I'm focusing on today. The subsequent consolidation and breakout is actually quite similar to the current WTI market, meaning the next big move may already be in the works... |
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