james_b , i with you . look like brend will move lower maybe usd 86 or lower. china steel and cement now in bad shape. might dump steel over the world like last time.
If I remember correctly, hibiscus was trading around 0.90-0.93 when Brent oil ranging USD 85… facing inevitable recession, hibiscus might crash below 0.90! Watch out! Serve you right for not listening to sell high and being greedy! Greedy kills!
I think the demand of oil will reducing slowly in future...look at the current ... EV cars, solar panels...etc ... it is hard to stay above USD90-USD100 ...my 2 cts
It depends… Happy with my shorting profits… haha… wondering why ppl wan to take the risk of buying hibiscus now for a gain less than 5%?! Doesn’t make any sense!
Tips to Mr President, Biden: easy way out to flood the oil market is allowing Iran to export oil to the world so that everyone enjoying the cheap energy and thus, curbing inflation in return…
Dont be naive. Even with sanctions on Iran and Venezuela, oil or any other commodity will always find its way into the black market. Same as capping russian oil is useless, their income on oil grew even more. Dont believe what the western media say.
The 2 events that proven to really bring down oil prices is the us shale revolution and covid. Even israel at war today can only bring oil price up temporarily. Nobody can predict oil price movement https://www.youtube.com/watch?v=_CYhd-WwO8I
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....
James_Bond
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Posted by James_Bond > 2023-10-04 07:15 | Report Abuse
Do you know that the price of steel, cement etc all melting down in China?