WTI Crude USOIL -Higher prices ahead. What else will be affected

WTI CRUDE OIL - Breakout, Retest, resumption.

Slight Overhead resistance @ the .618 level - $81.00 range;
If & when that level is broken - Test of the .786 $110.00 level would be expected.


- Higher Oil & Natural Gas prices will cause another, larger wave of inflationary pressures on consumer goods.

- Alternative Green Energy initiative would find itself harder to compete in a low NG & Oil price environment.

We know what the focus of the FED, and Government is and will continue to be regarding renewable energy.
Given this, I would expect the intentional push for higher OIL & NG to continue.
Whether that be by a ship stuck in a canal, Refinery explosions, or whatever is next to come.


Inflationary pressures on consumer goods are also very likely to be affected by increased Oil prices, combined
with current manufacturing, Labor, & supply shortages.