US second stimulus package + vaccine available as early Oct in US = crude oil price to recover back.
Brent crude oil have recover from as low as USD 30 to current level USD 43-46. These is more than 40% recover. Hibiscus selling crude oil on average USD 31 in its latest Q result. As show in chart, Brent crude oil major resistance level is at USD46, it have many attempt to break through these level, retrace back now to support level USD 43. It’s still range bound trading, awaiting major catalyst, US second stimulus by 12 Sept.
Mabel, u still here...better wait until end of year ot next year..no big fish dare to invest in oil and gas again..gloves and tech will be their priority choice..
It just goreng to trap more investors..the best method to get investors fall into the trap is fry higher lo......then investors thought that it start to fly actually is trick la..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
power88
1,588 posts
Posted by power88 > 2020-09-03 19:33 | Report Abuse
Oil crash haha