You are viewing a single comment's thread from:
RE: Post Fed. Stock Market "Re-balancing" Means More Opportunity. By Gregory Mannarino
Agree. Crude oil could be a best buy here, although it is been under pressure. I expect in next days or weeks, some geopolitical tension, maybe again between Us and Russia or whatever. Thank you for the update.
Don't buy oil big mistake....Oil is very weak, Qatar is being cut from the financial system its a big producer and heavy weight in OPEC and that did not even move oil prices anyway. When a big member is being starved out of the system it should reflect on the price and it did nothing, so that shows you the weakness of the market. Unless OPEC sits down with the American producers their cuts are wasting time. America is now a producer, she used to be the biggest consumer. So fundamentally we need the American producers to cap production and we would see meaningful movement in oil. From what i see, Oil must first find a bottom before there is a surge. We also need countries like India to combine vibrant and China to get its buzz back before any meaningful move. Put it this way, large population size with healthy appetite and then we can have oil above 50 dollars
Thank you for the advice.
No problem....check this post out, you would see the big picture and probably figure out where you stand, so you can play the system https://steemit.com/crypto/@daudimitch/cryptocurrency-market-goes-red-what-you-should-know
could be on the short run. I can see in daily life, there are more and more cars, running on electricity. So I doubt, crude oil will be profitable in a decade or two.
Elon Musk is doing a great job. But as long their are wars, because of oil, nothing will drastically change. Anyway i was talking about short term, since i am trader.
sure, I understand. I usually trade with stocks or ETFs, but not online. I want to have paper stocks in my hand, so almost every trade I keep for few months or even years until withdraw