Ailun Zhan Quick Comment on China and Oil

FIO Member Ailun Zhan out of China has a quick post to note about the China Index and Oil. After making a bullish call on FXI right here on this blog back in August, I welcome his participation once again.

“1. Shanghai stock indices hit new all-time highs! Over 35% gain since we posted about it. However, it is rising on lower volume so caution ahead.

2.  Long term bullish on oil. Russia has taken steps to control its energy resources, which I believe will lead to a long term uptrend in oil. This is just the beginning. Russia produces 10 million barrels of oil each day, while the OPEC only produces 27 million barrels. It also provides a third of West Europe’s natural gas.

Have a good trading day ) .”
We love promoting members within our community, and Ailun Zhan has a great newsletter on his insights and picks on the market. Please contact Ailun through his FIO Member Profile to find out more or subscribe!
More on this topic (What's this?)
Goldman Recants Its $200 a Barrel, "Super Spike" Call for Oil (naked capitalism, 11/20/08)
China Likely to Stop Diesel Imports for Second Month (naked capitalism, 11/6/08)
Mexican Oil Exports Could Cease in 4 Years (Jim Kingsdale's Energy Investmen..., 11/13/08)
Read more on Oil Prices, U.S. – China Trade Dispute at Wikinvest

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-- Posted by Blain Reinkensmeyer on December 14, 2006 at 11:15 am --

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