energy investors were starting to throw in the towel but buyers stepped in -> a big hammer candle stick.
It’s a buy signal. in at ~46, stop at ~41.
Could it goes down more than 41? sure
It’s probable likely goes up.
“Technology does not create energy. Technology is simply a way to convert energy, or to convert resources, into work. So, you can improve the technology and basically it allows you to turn the faucet on harder. It doesn’t create any new energy and it certainly doesn’t help you conserve what you already have. In fact quite the opposite. The better the technology the quicker you run through what you have left.
Unless we somehow figure out how to scale back our use of energy, there’s a day of reckoning which isn’t that many years out. ” Oil expert and geological consultant Art Berman.