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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Sun Tzu who wrote (69332)9/14/2022 2:25:21 PM
From: Lee Lichterman III1 Recommendation

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ajtj99

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I can't make up my mind on oil. Biden saying he'll refill the SPR below $80 and the Saudis saying they'll cut production below $90 seems to put a floor on it. On the other hand, if we get a recession, demand and price usually crater.
Russia selling cheap to China and India etc also clouds the picture because a lot of that is just getting relabeled and sold abroad too.
My view is the same on most commodities. Copper, iron etc are all set to explode higher but a recession and sanctions on China could really mess things up.
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