I’m also very bullish on USOIL in 2025. I have some concerns over the short term, particularly with something called the Japanese yen “reverse carry trade.” Investors are borrowing money from Japan with low interest rates (practically free money) to invest in assets. There’s a lot of red flags with oil right now due to geopolitical tensions in the Middle East, oil ships being targeted for attacks in the Middle East, and OPEC countries restricting the supply. Michael Gayed has provided some great analysis about the Japanese carry trade, and he believes oil will be the key catalyst for crashing the Japanese yen. He is a permabear though, he’s been bearish the whole rally so keep that in mind while checking out his videos. However, I think we saw some huge red flags the first week of August when the Japanese yen sparked a flash crash in the financial markets. I’m patiently waiting to see how the Japanese yen and oil prices are affected by the Fed pivot, and whether they will affect the rest of the financial markets.

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