Normal
WTC oil hit a 20 year low of sub $20 in March 2020 which coincided with the big dumps of shares due to Covid fears.[ATTACH=full]140961[/ATTACH]Since that time it rose to to $92.81 on the days prior to Russia invading Ukraine, on February 24thThis is an increase of an increase of around 73 bucks or 320 + %.SInce the invasion, the WTI crude high was $123.70.Thats around a $31 increase, or a 34% increase if you like.Its since fallen back of those highs, but we will stick with the low to high scenario.So, to me, the charts were telling me that crude increased significantly before the invasion, with suggests that inflationary pressures were building long before the invasion.You are perfectly entitled to take a different interpretation.Mick[ATTACH=full]140962[/ATTACH]
WTC oil hit a 20 year low of sub $20 in March 2020 which coincided with the big dumps of shares due to Covid fears.
[ATTACH=full]140961[/ATTACH]
Since that time it rose to to $92.81 on the days prior to Russia invading Ukraine, on February 24th
This is an increase of an increase of around 73 bucks or 320 + %.
SInce the invasion, the WTI crude high was $123.70.
Thats around a $31 increase, or a 34% increase if you like.
Its since fallen back of those highs, but we will stick with the low to high scenario.
So, to me, the charts were telling me that crude increased significantly before the invasion, with suggests that inflationary pressures were building long before the invasion.
You are perfectly entitled to take a different interpretation.
Mick
[ATTACH=full]140962[/ATTACH]
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
