oil

Oil prices are rising due to a combination of factors, including:

 * Supply cuts by major oil producers: The Organization of the Petroleum Exporting Countries (OPEC) and Russia have agreed to cut production, limiting the global oil supply.

 * Rising demand: As the global economy recovers from the pandemic, demand for oil is increasing. This is particularly evident in China, the world's second-largest economy.

 * Geopolitical tensions: Recent events in the Middle East, such as the Israeli airstrike on an Iranian embassy in Syria, have raised concerns about disruptions to oil supplies.

$Energy Select Sector SPDR Fund(XLE)$ should be challenging its all time high at 100 soon. $WTI Crude Oil - main 2310(CLmain)$  will also be challenging its recent high at 93 soon. when oil is above 80, markets will waver. $US2Y(US2Y.BOND)$ is also creeping up as the possibility of fed cutting rate in Jun is reducing with resilient inflation and strong economic data. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci @TigerStars  @TigerWire  @koolgal  @Asphen  [Happy]  [ShakeHands]  [Happy]  [ShakeHands]  [Happy]  [ShakeHands]  [Happy]  [ShakeHands]  [Happy]