mentioned yesterday bullish action has followed thru today, up against resistance now 1945 - 50 need to break it heaps of stops above will push higher 75 if successful
PS interesting how when a commodity gets to this extreme level 38c up,on a barrel of oil =1.19%
Good lesson on the increased value of money when things deflate)
Almost "penny stock" level now, so should bring some good opportunities to make or loose money quickly. Especially when the price swings US$2-3 in a trading session, that's 6-9%
Oil below $35.00 and US fracking becomes unprofitable which suits the Saudis. However the Saudis need oil at, or above, $30.00 in order to keep buying/paying for weapons etc. Apparently, according to a quote in the FT, they are manipulating the market to remain within those two levels.
mentioned yesterday bullish action has followed thru today, up against resistance now 1945 - 50 need to break it heaps of stops above will push higher 75 if successful
Global Consumers have more money in their pockets thanks to falling commodity prices. Therefore,they have spending power and they are supporting consumer oriented companies buying their products. Fortunately, we are not going to see era of oil trading over $100 in the near future. Global central banks will take more aggressive action on monetary easing.
Therefore,we cannot expect collapse of global economies or stocks markets at this juncture. Property markets have peaked globally. Commodities are less appealing. Only place to park money is Stocks. 2016/17 is going to be another year of opportunity for intelligent investors.
Last edited by Valuegrowth; 28-02-2016 at 06:56 PM.
Really!? "the only place to park money is stocks". When there is fear, stocks aren't the place to be, not in size anyway.
At some point it will be a good time to buy stocks, but there is a bit to unfold yet imo.
Wait for the capitulation, then buy.
Anyone get any takes from the G20?
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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Originally Posted by skid
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