Reflexivity in Energy [Chart(s) of the Week]
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In June 2022 the crux of my post “There was a disturbance in the force” (HERE) was Global Central Banks were squeezing liquidity out of the system & crude oil markets weren’t factoring it in.
Below is the original chart as it looked in that post.
Here is the chart updated as of now - oil has closed the gap between those two lines.
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