Via Trader’s Narrative and be sure to check out his sentiment work…always a must visit on the weekends.

Oil’s chart almost resembles one massive cup/handle formation with a measurement that would cause riots at the gas pumps. Not something I want to think about.

clipped from www.tradersnarrative.com

Last summer I showed the inflation adjusted price of crude oil – below is the updated chart:

inflation adjusted price of crude oil long term chart
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