Petrol Price and The Golden Cross

If you pumped petrol these few days, you may have noticed a big sign board at the petrol station stating “Petrol Price Has Changed!” Today, ExxonMobil Synergy 5000 is selling at $2.12/liter.

If you have been following my blog, I have already warned at end of Nov that investors should not neglect the oil crisis outside euro zone. Brent Crude Oil has shot up since mid of December and has exceeded US$113 per barrel today.

Ironically, when Euro and US are pictured as doomed places and all the “analysts” and “professionals” yell that 2012 is another crisis year, Dow Jones Industrial Average Index has just reached its Golden Cross (a technical bullish indicator) when its 50-day simple moving average crossed above the 200-day simple moving average.

dow-golden-cross-jan-12 — Source: StockCharts.com

Next time when you pump petrol again, don’t just sign the credit card slip. Take a look at the price and see what does it tell you.

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About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
The views and opinions expressed in this article are those of the author. This does not reflect the official position of any agency, organization, employer or company. Refer to full disclaimers here.

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