WTIC Oil Long Term Scenario

There's potential for for oil to go to the $16.00 level which is 2.62 x the previous move. Could that happen...... anything can happen.
Oil could go to -0- too if we get free energy that I keep hearing about.
Based on the setup, if or when the price breaks out of the triangle, I expect the target of $230.00 USD in the next 5 years.

The only question is.

What does the world look like with oil 10x current prices?

That scenario is quite probable.

All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. I document this stuff for personal reasons as a log and share with the community...... only because I'm a nice person.

So in ending........ Use critical thinking and think for yourself.