This crude price chart shows clear signs of optimism in the near term. Look at the recent breakout from a stubborn resistance mark. It seems the bulls have enough strength to display more upward moves in the coming days.
So, let’s jump to the point and try to find out what’s driving the crude bulls right now, one by one.
Let’s get started:
The US-Iran Conflicts
Escalating tensions in the Middle East remain the top driver for the recent crude price optimism.
The crude value has flared-up to a significant extent over US-Iran tensions. Both counterparties have been at loggerheads for quite a long time. Now, with the recent killing of the Iranian military commander Qassem Soleimani, the fire between the duo got further intensified.
Soleimani was Iran’s second-most powerful figure and has helped Iran fight proxy wars against the rivals. On Jan. 3, Soleimani was killed in a US airstrike attack at Baghdad airport.
Soon after his death, Iran retaliated. And, as per Tehran-based Tasnim News agency, Iran has right now started the “second round” of attacks on US bases in Iraq.
Amid such disturbing environment in the Middle East, crude prices have gone up.
West Asian conflicts continue to exert great influence on crude oil prices. Rightly or wrongly.
Economists Think Dollar's Fall May Explain the Recent ‘Rally’ by Steve Liesman
Einstein taught us about relativity in nature. Now come Devina Mehra and Shankar Sharma of First Global to teach us about relativity in financial markets -- and raise some serious questions about just what is driving stock prices.
First Global reports are quite credible and, on occasion, more than that.
What prompts this mention is Intel's earnings report and the fact that First Global has had a pretty good bead on the company and its stock.
AMD up again following First Global upgrade to ‘buy’ (AMD) By Tomi Kilgore
Analyst Kuldeep Koul at First Global upgraded Advanced Micro Devices (AMD) to "buy" from "outperform," given the "exceptional traction" that the chipmaker's Opteron line of processors has been able to get.
Baidu Climbs on First Global’s ‘Outperform’ Outlook
Baidu Inc., the operator of China’s most-used Internet search engine, rose to the highest price in two weeks after First Global rated the shares “outperform? in new coverage.
Personality counts: Walmart's frugal, but Target charms
"It's better to take a slight hit on [profit] margins and keep on moving and inventing," says First Global Securities. And at least for now, Target is inventing in a way that appeals to consumers with money to spend.
Dead Batteries
At 11 times trailing earnings, Energizer is cheaper; Gillette's multiple is 25. But cheaper doesn't mean better, says First Global.
Bipinchandra Dugam @bipinchandra90
@devinamehra @firtglobalsec
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We can load above testimonials on site as a scroller, and just below that we can add a section for compliments . Below tweets are comments and praises are related to our content, performance and some our direct compliments to you.
ADIT PATEL @ADITPAT11226924
Good team...
Special mention @KarmathNaveen .. he is soo helpful anytime of the day or night..
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It has doubled almost, excellent pick.Every small investor must invest in her FG-HUM Smallcase.
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I have 8 small cases and your has been the most rewarding ones .. thank you Devina.
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"The ability to be comfortable with being outside consensus is a superpower in investing...and in life." Devina ji hits the nail on its head!
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Congratulations @devinamehra mam! All the best for long term returns as well.
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Check & follow @devinamehra's timeline for lots of post debunking such rosy stories. Also, she gives amazing 🤩 sector directions/hints.
KLN Murthy @KLNMurthy2016
Good actionable insights, great article!
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One of the brightest minds in the world of finance :)
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To be honest, the insights which Devina madam brings in is very enriching..have learnt a lot from them...
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One of the most accurate analysts :)
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Madam, It is always a treat to read your insight, not only on business but on other topics also!!
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Thanks for this wisdom ma'am. Always love hearing your thoughts on everything equity. :-)
adil @zinndadil
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