Commodities

Crude oil has been following the MM roadmap perfectly through 2021 and into 2022 although the easy money now feels behind us but another 5-10% upside feels very possible. Its been over 7-years since Brent Crude was trading above $US90/barrel but as demand outstrips supply helped by bad weather conditions in the US and ongoing political turmoil the commodity continues to march ever higher. The stronger US employment data, even as the Omicron variant circulates, stoked the demand side of  the equation on Friday but the stars are slowly starting to align for at least a panic style short-term top in the coming weeks / months