how about $112 or $120...the bottom of the bullish flag is around $110 to $112...an overshoot would likely take us to $120ish...and with a high probability of a dramatic reversal.
Though these projections are indicated as an accellerated move on this chart, that is simply because the was not much space. It may take a while to move through these waves or it may happen really fast...but these are certainly some interesting points.
Energy expenditures as a percentage of PCE
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During the early stages of the pandemic, energy expenditures as a
percentage of PCE hit an all-time low of 3.3% of PCE. Then energy
expenditures increased ...
1 hour ago