Extreme Crude Oil price coming?WTI CRUDE OILTVC:USOILjangseoheeWe are living in an Extreme Society, Nut Cases happen every day though not surprising at all. The last peak Crude OIl price was 147 (round off figure) during the 2008 Global Financial Crisis not due to Middle East war. This time round Iran-US-Israel War has caused Crude OIl price to squirt to 116 before cooling down. We do know that long period of oil price is not sustainable technical from the chart and economically. However, we have no control of how its price will go in short-mid term before totally cooling down. Viewing historical Crude Oil chart since 1988, i have drawn two Channels (Turquise, and Yellow) projecting forward. 1. Turquoise Channel is big fat almost horizontal channel 2. while Yellow Channel is tilting upwards slightly Could oil price hit around 160 before calling it a day in near future? Possibility is there. *However, it will be very ridiculous if Crude Oil price hits ~233 in the future. NO WAY!! This is solely my personal skew ideas, it SHOULD NEVER be construed as an investment advice, nor buy-sell signal. Thanks