Oil Futures: $35 Target (Huge Coronavirus Investment Potential) Basic economics is the supply and demand curve. The United States is at war with other countries for catching up on oil supply, so the constant need for production even during pandemic times leads to a surplus. The demand curve for oil though is at one of its lowest, given we need to literally all stay home. This leads me to believe that the huge price crash was time related, and extremely indicative of a panic sale. Take what I am saying as an opinion and not face value (as always), but my advice is that there is huge potential for a positive correlation wave or bullish price increases after the demand curve stabilizes. This could be a week or two, or maybe even few month, but this is an extremely short futures trading strategy given you could conservatively potentially see a doubling in the futures price with medium risk. Again, just a hypothetical, but I would keep a close watch on oil futures and indexes. Please don't take what I say seriously or sound i.e. hypothetical risk disclosure, but this gives you something to think about.
Oilshort
USOILI see a quick buy to sell on oil to about 15 then back down to 10 and some consolidation in that zone...let me know what you see
OIL FUTURES MAY 2020May futures on oil collapsed to the minus.
It is oil that at the moment reflects the tragic situation in the world economy.
At a glance, all this is just dials on the charts, but now many parts of the puzzle can be put together.
At the moment there is no room left for oil storage, all the storages and tankers are overflowing,
and the shales can't just stop production, or the pressure in their wells will drop drastically,
and they'll just lose the well. But even if the well survives, the companies have to somehow pay their debts on loans,
that they got from the Fed's low interest rate. It turns out that the oil sellers now have to pay the buyers to take the oil.
It's like paying garbage trucks to pick up your trash,
only instead of crack, you give them real oil that killed millions of people, by the way.
June contracts are still traded around $21 a barrel, but there's still a month before the contracts are expired,
and if the pandemic continues to paralyse the world economy, no one will need that oil either,
and maybe oil sellers will have to pay even more buyers to get physical oil.
On the face of the imbalance between supply and demand, and the market price as if hints that production should be stopped or something drastically changed...
If you remember, the whole situation with the fall in oil began with Coronovirus, namely on January 8th (the price was $65 at that time).
The first talks started about the virus, quarantine the whole of China, one of the main oil importers, and a possible transport blockade of the whole world in principle.
Naturally, when everything is worth it and there is no need in oil. Then the Saudits did not agree with Russia and decided not to stop the production.
The whole world economy started to fall, but if, for example, the Fed can print money and pump the entire stock market through its bank tentacles,
then the printing press can't get to the oil rig yet. Oil is still a game bigger than local stock indices.
Here the interests of many countries and the powers of the Fed do not apply to them.
The only thing you can do is write off the debts and bankruptcies of the American oil shale industry.
Which conclusion is that?! In my past positions, a lot of people must have realized that I'm skeptical about this pandemic.
Whether it's real or not to the virologists, but the fact is,
which field of action Coronovirus opens for economic and financial fraud concerns us all.
Perhaps one of the main motives of the Coronovirus Flash mob is the deliberate collapse of all Petrodollar (petrodollar).
Who would benefit from this? Russia, China, Iran, maybe the States themselves, maybe the central banks?!
Suddenly the central banks decided to make a complete monetary retreat for the Coronovirus and replace dollars with new crypto-dollar or some Fed coins?
Didn't you think that Bitcoin was just a trial run of the crypto currency on a blockhead? And as soon as the Fed and the central banks launch the new crypto-money,
what happens to "our" crypt and Bitcoin? It's all about getting the cache completely out of our lives.
Paper money limits the control of banks, while electronic money will give them full access to your life.
ITS OFFICIAL - CRISIS STARTED! OIL ATLHello guys,
As we can see we had a really big drop at 2008 when the crisis hit us, now this time is even harder as we touch the LOWER levels of oil price from the history.
Be careful with your purchases now, market downtrend will start soon and markets will hit bigger lowers again.
Thanks.
Regards,
$10 per Barrel Oil Prices on the Horizon. With oil breaching critical historical support levels and the OPEC/Russia deal only cutting back supply by roughly 10 million barrels per day, the price of oil is now set for free fall in the next few weeks. From a technical perspective a retest of the $14 price and the $10 price range is getting more probable every day. For long term investors this is an opportunity of a lifetime to make a life changing investment in a commodity that historically has much higher levels of demand in a normal economy. My recommendation is to short anything above $20 and to start slow by closing shorts and opening long positions in the $14 range and buying all dips from there. An eventual retest of $20 when the smoke clears will make short and medium term investors a potential 50 to 100% gain while long term investors who are able to hold for many years may end up enjoying 500 to 1000% gains. I firmly believe that many millionaires will be minted from this debacle in oil prices. Couple this with some exposure to the security that Gold provides in a stagflationary environment and your portfolio will thank you dearly. Just make sure to get out of gold the minute you smell interest rate hikes coming. Leave your questions and comments below!
WTI - OIL ANALYSES
Oil prices are as shown below :
Peaked at 1 July 2008 -147 $ plummeted to 35 $
Peaked at 1 July 2014 -107 $ plummeted to 28 $
Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $)
Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $
So until July 1 2020 May be long after badly short.
SHORT For Small pips Target 100+PipsTrend BOTH side depends on Oil.
H4 candle short term sells towards support 1.4080.
🛑SUPPORT/RESISTANCE
✅S1= 1.4120
✅S2=1.4070
✴️R1=1.4180
✴️R2=1.4265
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Bitcoin and Crude Oil close recent correlation. The recent collapse in Crude Oil prices have been mirrored with falls in Bitcoin. Bitcoin is one of the methods the sanctioned Iranian state circumnavigates US sanctions. A sharp fall in Crude, lead to a sharp fall in Bitcoin support by the Iranian state.
Is it time to buy some OIL? EngineeringRobo warned you!Oil prices have plunged this year, as supply has jumped and demand has plummeted. They are down more than 50% just this month. On Monday, they took a new leg down, with West Texas Intermediate crude futures temporarily falling below $20. The last time Texas oil settled below $20 was in 2002.
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OIL going to Retest 22.05Oil is been rejected from resistance line at $28, now oil will retest the $22,
is a double bottom, so let's see how interact with the support line.
It could be a potential breakout to the downside.
MACD and SRSI pointing down.
Also oil price could be affected by the news, so please be careful and also use SL, especially when you use leverage.
also your risk/reward is higher near the support/resistance lines (key levels)
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You trade at your own risk and nobody can guarantee you results.