Where Are Oil & Gas Prices Heading? ComboCurve CEO Breaks It Down

Let's start from the crude oil, right? So this is crude oil throughout the history, correct? So you can see this is the peak of 2008, and this is financial crisis, correct? And here we had another major drop during the shale boom.

You know, we had a lot of... people start producing like crazy, you know, that caused another crash.

And we are all familiar with this crash, right? Guess what this crash is here? Wear your mask.

Put your mask on.

And guess what? This is the only chart that I've seen that goes negative.

This is logarithmic, but it goes all the way to negative.

If you guys remember, it was negative 35.

And then after that, it took off roughly 130-ish.

So it peaked at around $118.

And Ryan...

We are hovering around $97, correct? And it keeps going up right now.

So if you look into just chart analysis, like we broke out of this downturn.

This was a downturn that you broke out of this downturn.

Here you can see here clearly there's a breakout, correct? And this line is going to act as a support, correct? Because you broke, it was acting as a resistance, right? and right now you broke here with high volume and this is the support line right now correct so meaning oil price as long as stays above this it has tendency to go higher and higher so right now our major resistance here is at around $120, correct? So if you look into shorter timeframe, this weekly timeframe, so we broke out of this wedge downturn as well,

correct? Uh, I'm on saying here, the war began in late February.

Brent jumped 10% to about 80 when the first strike hit.

Since then, the straight has been through repeated cycles of closure deals and reclosure, including a June agreement with the U S that broke down almost immediately.

So that's interesting to see exactly what he's talking about with respect to price and volumes kind of as the news is coming out.

So,

Exactly.

And then you guys can see, again, this is very important.

Oil was in a downturn.

You can see here, correct? And here it broke out of this downturn, correct? And even all of this, again, at the beginning, the initial shock.

And you can see when the initial shock happens, you're going to have a major spike, like a panic.

And then there was a lot of conversation.