OIL, Winter is coming...What a bloody day and more to come. A lot of people might ask why? And How That's possible? Is this a bullish sign? Are they gonna pump it out? Moon!? The answer of all of these questions are a simple "No"!
But why?
First, institutional moneys from both big investors and governments are moving to safe haven in order to keeping them away from loss or less
Second, Some people or governments for dealing with current situation need money. So they will dump every share they have whatever it takes. They start with whatever they have more or whatever they don't need first. Oil of course, is the last thing you want to keep in Corona Virus crisis.
Now what will happen?
We're gonna go up for a few days for hunting some newbies, market now needs some fresh money. Then we tank down to target
Brentcrudeoil
My two lines for BrentDue the latest worldwide events and seeing that DJT transportation index seems not performing well... Bad news also coming from that cartel OPEC represents I decided to setup my position against brent.
Here are my two levels based on FIBO lines.
What are your thoughts? Do you really think that the price of the barrel will continue to plummet? Will we reach $ 20 soon?
Please feel free to comment. Glad if you share this too. Thanks!
BRENT - Great chance for growth! 05/03/0202Friends, support this idea with your Like and any Comment. Thanks.
I expect the start of price growth BRENT in the framework of the impulse wave C.
Trade entry, take profit, stop loss levels are available to participants of the SAV Trading Room.
You will find more trading ideas in SAV Finance community.
🛢 BRENT OIL - Entered zone of verbal INTERVENTIONS USA&SAUIn this zone, I expect a BUNCH of bullish info-occasions into the oil market and bullish forecasts of energy organizations and OPEC. Thumb UP👍 if you agree with me!
Although the United States and Saudi Arabia are already competitors in the oil market, they are in the same team in this zone and will do everything possible to prevent a strong collapse in oil prices. And if this happens, then such a failure should not be long in any case...
There are 3 very important reasons for this:
1) the Saudis' budget is burning.
2) the US problem is even more serious - almost the entire oil industry is sitting on a wild leverage before banks (very large debts to banks - just a cosmic exposure)! Low oil prices = defaults from shale producers = defaults from US banks = disaster.
3) the impact of coronavirus on energy quotes can be called short-term, since factories in China are already returning to work.
Technical Indicator 12H:
1) Awesome Oscillator - turned to green zone and started rise up.
2) Stochastic RSI - started to rise up from the undervalued zone.
Summary:
Buy on pullback around 55.15 and sell in 67 zone. Its more than 20% profit. Stop-loss could be around 53.37
OIl and ENI: Spread OpportunityGood opportunity on the Italian Market to be exploited with a spread trade.
Usually ENI and Oil have a positive correlation. In that case we could open a position on ENI and hedge it with another position on Oil trading on the temporary spread between the two securities.
My position here is to sell ENI and buy Oil waiting for the spread to reach again the base line of the Bollinger Bands (orange crosses).
Investing Fellow
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
USDBRO approaching support, potential for a bounce!
USDBRO is expected to drop to 1st support at 60.28 where it could potentially react off and up to 1st resistance at 63.90.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO bounced from support, potential for a further rise!
USDBRO bounced off 62.04 where it could potentially rise further to 64.30.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 65.50 where it could potentially drop further to 62.82.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 64.35 where it could potentially drop further to 62.82.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
USDBRO approaching support, potential for a bounce!
USDBRO is expected to drop to 1st support at 62.82 where it could potentially react off and up to 1st resistance at 65.62.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.