Bad news. More pain at the pump appears in store...
That is if similar technical conditions this time last year are any indication.
You have to wonder, too, whether hyperinflationary breakdown bringing refineries to close might place the world at a Wiemar launch base from which the price of all things from here forward will explode. Indeed, despite fading [positive] momentum (bottom panel) unleaded gasoline's price continues inching higher. It's not difficult to picture an explosive lift from here, with misery, along with political interest in a presidential election year, going parabolic.
* * * * *
© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
There's an easy way to boost your investment discipline...Get Real-Time Trade Notification!
