Review: Oil price high was around $120 · Invest & Retire Community

Review: Oil price high was around $120

As US-Iran deal is coming to a conclusion, let's review what happened with oil price

Back when the Strait was about to be closed, oil price shot up to $100-$120

During that time, I mentioned that oil price peak was likely around $120.

So there was no point in being bullish on oil as a commodity as the long term trend for oil is usually peak, burst, going back to a normal level.

Ultimately, oil did not have a sustained bull run

Now oil is coming back down to $80

This is consistent with previous supply shock for oil.

So unless we get another catalyst, oil will likely stay down for a while.

Cheers,

Eric

Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

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Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.

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Review: Oil price high was around $120