Be careful going long when a conflict or crisis breaks

I remember a year ago when ‘everyone’ became experts in Ukrainian wheat exports, the effect of Russian oil sanctions and how Europe will freeze without Russian gas, let alone should a pipeline rupture.

The charts below circle the area where traders were deked when going ‘long’ in the tail end of an existing long term bullish trend. Much money has been lost, doing something at the wrong time.

February 23, 2023
by Rob Zdravevski
rob@karriasset.com.au