Massive Short Squeeze in Energy
The historical high for PetroGas was at 1.050 in 2008. Take note. It might be higher this time around.
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102396585 : go gogo
Jamesbond0007 : Is there some resistance to break ? It seems to be not moving
104359825 OP : Patience is the key. A lot of buyers are very eager to come in due to it's high profit potential, but sellers don't want to budget.
TheTeh C : Mean the war will be on going if going to long time high
104359825 OP TheTeh C : It depends. If any of the oil refineries or nuclear reactor gets struck, then oil price MIGHT go ballistic in a matter of seconds as it affects the supply side.
Second, inflation can lead to higher prices for oil & precious metals like gold. Only God knows the future. I'm just sharing what I know. Do your own due diligence as the onus is on you.