Oil Price Flip Flops, As Meme Stocks Ride Again

Crude oil is Foreign exchange platform that gives free money without depositingonce again the most popular instrument among retail investors on investment trading platform Capital.com this week, followed by Gold and the NASDAQ index.

Crude oil is still very much in focus because of the ongoing war in Ukraine following the Russian invasion - and there is plenty of price volatility. But it has been relatively directionless over the last three weeks. Some traders may view the highs seen at $126 in early March as a significant watermark for the price and perhaps signify a top, for now, in this remarkable run for oil.

When it comes to the NASDAQ, it is not surprising that it is near the top of the table for popular markets. Following the low made on Mar. 15, the technology index has rallied by more than 15%. That is a massive move in just two weeks and has pulled the NASDAQ back to where it was at the beginning of February - clawing back the losses made (and more) following Russia’s invasion of Ukraine.

But with the geopolitical backdrop still uncertain and high inflation unlikely to fade any time soon, perhaps some traders will start to question if the recovery in stocks has got ahead of itself for now and may look to try to book at least some profits, following this rise.

To finish up, when we thought the meme stock fad was so 2021, the two old stalwarts - GameStop (NYSE:GME) and AMC (NYSE:AMC) - are back with a vengeance over the past couple of weeks and US cinema chain AMC was the fourth most popular market with clients this week.

The AMC stock price has more than doubled over the past two weeks, but there have been some signs of nerves from investors creeping in over recent days, with a short-term switch in sentiment that has seen the stock fall back.

So what next? If there is one thing that the past 18 months might have told us about meme stocks, those late to the momentum party tend to be left out in the cold. Either way, some traders love volatility, so AMC could remain popular for another week at least.

Disclaimer: This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors, not necessarily that of Capital.com or any of its affiliates, subsidiaries, officers, or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds. Past performance is no guarantee of future results.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!