Welcome, @shrimponacci,
It would be nice to have someone speaking openly and truthfully about anything without having an agenda. If you can give a comment on oil (WTI)
Imho, Oil is real, it will be here for some time to come, I feel we need to give oil's power the respect it needs. The switch from fossil to green will flow the way that nature WILL let it flow, we can push and pull as hard as we like, probably just breaking more than fixing more at the end of the day. (We are actually very good at trying to change things and ending up with another problem. - Guam and the old mouse problem is today a Guam without mice, yes, but a snake problem and no birds)
(I do not own OIL - I should have bought it at -$0)
I am only good at predicting one thing 100% correct all the time... "I predict that my predictions will be wrong"
But I would happily make a prediction that I hope will play out.
I will choose a ticker, predict the price, date, and then also give my reasoning.
Ticker: HIVE (Not the HIVE crypto, HIVE as a listed company)
Short-term (4 weeks) Med. term (4 Months) Long-term (5 Years)
Short-term: $2.00 +
Yes, it broke $2.00 yesterday but I feel we will have a retracement soon and then it will be back up to $2.00 +
Why: Because I own the stock, HIVE is not your normal crypto outfit, the company is listed as an example.
Med. term: $3.00 +
Why: HIVE will continue with the short-term momentum, the momentum will bring more investors to the table, HIVE's management is active.
Long term: $10.00 +
Why: Because I am long on HIVE, it has seen a higher close price than the current price, there will be a shift in the political status by then, the current world affairs will have faded away. We will be in a new growth cycle.
Thanks for the nice comment and also the tip @getrich.dietryin , much appreciated!
I like your prediction on the NYSE stock for HIVE, lets keep an eye on it and see what happens in the future :)
WTI , wow, Oil has been on a crazy ride the last two years and the last time we saw these prices were in 2009 if I'm not mistaken. Soon afterwards most of the west experienced a recession, is that what oil is telling us now?
Like you have mentioned in the past, OIL is a juggernaut, most people won't understand the role that oil plays in our day to day lives.
Technically speaking there is a serious resistance between 120 - 140, the all time highs of the US Dollar oil markets. Bluntly put above $120 a barrel the world is going to struggle to operate, interesting times ahead for sure!
I am going to try to do a short term prediction for oil, as it stands right now I know a lot of traders are bullish on oil.
My prediction is a lower oil price next week, I had a theoretical short on paper from 114 that got stopped out today. I think the oil market will retest the 105 - 110 levels after 115 - 120 proves itself as the new resistance.
Any developments with the war in Ukraine will more than likely move the markets, so please DYOR before trading or investing in anything.
Safe trades y'all!