Oil is already in a very large range that we can actually fluctuate within a triangle of support and resistance.
It remains to be seen what the reactions will be between "Biden & Trudeau".
But in fact inflation also poses a high risk for an increase in oil.
Inflation Concern Sparks Real Asset Rally
Overview
The VanEck Vectors® Real Asset Allocation ETF (“RAAX”) and real assets broadly both finished the year on a positive note. RAAX returned +0.44% versus +4.97% for the Bloomberg Commodity Index and +4.82 for the Blended Real Asset Index. However, the total return for RAAX with the yearend distribution included was +6.53%, outperforming both indices during the month.
The rally in real assets continued into December as investors continued to weigh the near-term risks of inflation. RAAX has been a huge beneficiary of this change in sentiment because of the ability of real assets to hedge against inflation. Regardless of where you stand on the “great inflation debate”, it seems unwise to ignore this risk and fail to position your portfolio accordingly.
My bullish will be reviewed in the range breakout and then reviews for seller below the $ 51 area to $ 49 and $ 48 again.
While we have buyers volume over $ 52 for strong purchases where buyers there have high liquidity.
You will be notified this week of the oil reviews of course through the update, so save this post as the announcements will be one after the other.
Share the Idea if you like it and comment if you want us to improve it.
Thank You !!!
It remains to be seen what the reactions will be between "Biden & Trudeau".
But in fact inflation also poses a high risk for an increase in oil.
Inflation Concern Sparks Real Asset Rally
Overview
The VanEck Vectors® Real Asset Allocation ETF (“RAAX”) and real assets broadly both finished the year on a positive note. RAAX returned +0.44% versus +4.97% for the Bloomberg Commodity Index and +4.82 for the Blended Real Asset Index. However, the total return for RAAX with the yearend distribution included was +6.53%, outperforming both indices during the month.
The rally in real assets continued into December as investors continued to weigh the near-term risks of inflation. RAAX has been a huge beneficiary of this change in sentiment because of the ability of real assets to hedge against inflation. Regardless of where you stand on the “great inflation debate”, it seems unwise to ignore this risk and fail to position your portfolio accordingly.
My bullish will be reviewed in the range breakout and then reviews for seller below the $ 51 area to $ 49 and $ 48 again.
While we have buyers volume over $ 52 for strong purchases where buyers there have high liquidity.
You will be notified this week of the oil reviews of course through the update, so save this post as the announcements will be one after the other.
Share the Idea if you like it and comment if you want us to improve it.
Thank You !!!
Comment:
I GET ENTRY NOW FOR BUY AFTER BREAKOUT AREA OF TRENDLINE !!
Trade closed: stop reached:
Fake Breakout !!!