USOIL Weekly Chart

This is to continue the post series about where the oil price might be heading. I tend to agree that we are entering a superbul, superlong cycle for commodities which will span over a century or more. After all - oil is a finite resource and virgin oil might get insanely expensive to produce in the future world suffocating from CO2 and plastic waste. Plus there might be a fair degree of dollar depreciation built in the price.

However, the early phase of it which may take the next 20 years is unlikely to be easy to profit from. The next post is a monthly chart - make sure you check it. I think it is super cool.