It is important to understand that this is a log chart. However, my retracements are a normalized linear interpretation of the logarithmic relative price movements.
50% normalized retracements of the log prices are roughly 9,000 in the mid-term and 1,000 in the longer-term
Please click on the chart to see the detailled view
Michael Hudson: Weaponizing the World’s Oil Trade is the Bedrock of the
U.S. Rules-Based Order
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How justifications for US foreign and economic policy revolve around the
oil trade.
11 minutes ago

