$9 lower if it can’t hold support
February 10, 2022 1 Comment
With recording its 7th straight “up” week (those streaks don’t occur too often) along with a Weekly Overbought RSI, next month OPEC+ will increase output by 400,000 barrels and oil rig counts are rising….and then, what if, what if Ukraine/Russian tensions subside??
I’ll watch if WTI Crude holds this support line.
If not, it may be a quick $8-$9 decline.
It would certainly be welcomed, for rising energy costs will surely crimp corporate earnings in the next couple quarters.
February 10, 2022
by Rob Zdravevski
rob@karriasset.com
About Rob Zdravevski
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Heh Roberto
Election coming… Business goes on no matter who is in power…🤔
If you get a moment in your spare time…😅 Can you pls do your chart magic / analysis 🧐 over Labour/Liberal years in gov – against the share market or GDP or something similar – let’s see who had the 🍀 luck … ???
(or is it good management!!)
mark mcmanus beachmark photography
0447944496 beachmark@westnet.com.au http://www.beachmarkphotography.com.au
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