RE:RE:Gap up vs gap downAgree. The global structural deficit in energy can no longer be hidden. Owning energy producing companies is probably the best (if not only) way of protecting yourself from the effects of rampant inflation.
On a personal note I had to feign upset this morning as coworkers in one breath complained about the price to fill up and in the next about how their tech/green investments are falling. I played along all the while sleeping like a baby last night knowing my family is insulated from the financial harm.
LiquidOctopusV2 wrote: Gap down would assume this is overpriced, which is not supported by evidence or analysis at all. We're still underpriced but it's still ticking up very quickly.
Rocket101 wrote: Some calling for a gap up level of 12.00 which I can't see unless the war expands then yes absolutely. A gap down I see even more possible and quicker with a truce and stop to shelling. Sanctions who cares. 6% of world output who cares ! Plus that oil probably end up in China. Energy investments have done extremely well if 2-3 yrs ago you didn't believe in never seeing 100.00 oil. So for what it's worth my gut felling is for big time correction at some point not in the to distant future. Think what you wish but parabolic price SPIKES can benefit you either way on the trading fence.
jmho