C for CRUDE and C for CORONA VIRUS – What is our choice?

5th February 2020

C for CRUDE and C for CORONA VIRUS – What is our choice?

Dear Fellow Travellers,

Greetings from Hitesh! With the grace of my GURU, all my calls are going 100% on dot be it stocks, bullion or crude. Our post after the budget was 100% on-time and the market moved up like anything on TUESDAY. Many readers have appreciated our timely post. Today we are going to talk about CRUDE. I am sure this will also turn out to be a timely post.

What is our TRACK RECORD in CRUDE?

In 2016, when crude as 34 USD and Goldman Sachs had given call that crude will touch USD 10, we were the first to talk about buying CRUDE at that level. Since then CRUDE made USD 83 in 2018. It moved up by 144% after our call. In January 2019, we gave a call again at USD 61 and it made 73. In December it was around USD 66 and it has come down to USD 54 now due to CORONAVIRUS.

What is our VIEW at this moment?

Thanks to CORONAVIRUS, experts are of the opinion that OIL will come down further. So, I dealt with CORONA VIRUS first in last week’s post. As per that post – I have said CHINA will be able to deal with it EFFECTIVELY but at a slow pace. You can read that post. I don’t think this will become a PANDEMIC as SCARMONGERS want us to believe.

Going forward, the CORONAVIRUS issue will become manageable and China will start running at its usual speed. This news that CORONAVIRUS is under control, will increase the demand for all commodities. CRUDE is chief amongst them.

One will make a good profit if he adds CRDUE in lots between USD 43 to USD 54. You should only buy if he has PATIENCE, buying capacities at all levels and capacities to pay Margin Money to his broker. You must have a HOLDING capacity for 6-9 months. If any of the above factors are missing, don’t buy it.

What NEXT?

Big money can’t be made with obvious opportunities or what is believed by all players. One needs to have a vision for the coming scenario and guts to execute that vision. From our side, we find out opportunities for die-hard investors in any given situation.

Happy Investing.

Follow me on Twitter @hiteshmparikh / WhatsApp – +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh

Comments

  1. UnknownMarch 7, 2020 at 8:35 AM

    If you're trying to lose weight then you need to try this brand new custom keto diet.

    To create this keto diet, licensed nutritionists, fitness trainers, and chefs have united to develop keto meal plans that are productive, convenient, money-efficient, and delicious.

    Since their launch in 2019, 1000's of clients have already remodeled their figure and health with the benefits a professional keto diet can offer.

    Speaking of benefits: clicking this link, you'll discover eight scientifically-certified ones given by the keto diet.

    ReplyDelete

Post a Comment