Peaking early

Today’s price of WTI Crude Oil is the same as it was 3 weeks ago (on February 4th). Doesn’t that sound astonishing in light of ‘Russia’s move into Ukraine territory’.

‘Tops’ often happen earlier than you may care to remember.

It seems that investors and/or market commentators forget when the peaks actually occurred.

In the charts below, I’m showing you the peak in Salesforce.Com and PayPal occurred in November 2021 and July 2021 respectively.

Many may think the peaks were only in the last few weeks.

February 23, 2022

by Rob Zdravevski

rob@karriasset.com.au

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