Crude oil price: the closest to the daily flutuation is the movement of the Sun across the sky! 🤔

[hemanthaa@mail.com + 64]

Crude oil price is falling and as usual, models – and those who relied on them heavily – once again got it spectacularly wrong; the list of professionals, ranging from investment bankers to high-end pundits, put their reputation on line by over-blown predictions such as oil hitting above $100 and the immediate onset of supply crunch – just to grab headlines.

What we see in the crude oil markets resonates with what Warren Buffet said a few years ago in similar circumstances: “Only when the tide goes out, do you discover who’s been swimming naked.”

In the absence of any credible explanation to account for the daily fluctuation, it is as though the commodity in question was following the apparent movement of the Sun across the sky.

In the early hours of the day, for instance, the crude oil prices usually turn green when the markets in Asia opened, only to turn red as the day wears on.

It is strange because at present it is Asia that is suffering from the new variant of the Coronavirus most. Yet, even for the early few hours, the crude oil markets show some optimism that just disappears when the markets in the rest of the world open up.

Please read for more on this:

[RichieRich216 + 454]

Leaders and CEO’s still don’t understand The China Effect! “ Sell cheapest everything even if it destroys your Country’s landscape, kill off all competitors then shove the new price up there ass’s! Everything from Toys to Rare Earth Minerals….