OIL PRICES: Recent EventsOIL PRICES: Recent Events
The price of oil decreased substantially in 2020 due to the COVID-19 pandemic and the 2020 Russia–Saudi Arabia oil price war. On 20 April, WTI Crude futures contracts dropped below $0 for the first time in history. Oil Prices collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting. The following day Brent Crude fell below $20 per barrel.
"It will take time and money to turn it back on. It's not like a light switch," David Trainer, CEO of New Constructs, an investment research firm based in Nashville.
The outbreak of Coronavirus impacted the oil price as many people are staying home. The social-distancing and stay-at-home orders are thought to partly be one of the major factors that crippled the oil price market in the first place. Return of the oil boom is speculated to be coming in the next few months as the world reopen after COVID-19 lockdowns. The demand of oil is thought by experts to return and in turn increase oil prices in the coming months.
"When demand comes back online, there won't be as many people there to make the oil," said Trainer.
Profiting from a oil price CFD increase:
Let’s say you buy an oil price contract at a current market price of US$11.55 per barrel, believing the market price will rise by a certain time. If the oil price has risen at the expiry of the contract, you’ll make a profit based on the difference between the buy and sell price. However, if oil price falls below the buy price at the point when the contract expires, you’ll lose the trade.
Heikinashi Fibonacci Resistance Level: $28.77
Heikinashi Fiboacci Support Level: $0.06
Covid-2019
HOME DEPOT ($HD): Essential Business Uptrend Scalp/Swing✨ New charts every day ✨
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Home Depot has been doing business through COVID, earnings were good last quarter and expectations seem reasonable for this quarter's earnings on the 19th.
Assuming this uptrend continues until earnings, there should be a a nice scalp long or two in here. Let's look for a setup.
Resource: www.earningswhispers.com
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1. Fractal Trend is signaling an uptrend (Blue bar color) on the 30 minute chart, and that means we can take long setups with our strategy.
2. With the strategy, we are looking to open a long position after a reaction from either a bullish orderblock plotted by Orderblock Mapping or a S/R level plotted by Directional Bias.
3. S2 and S3 look like they will act as support in the current uptrend and offer us a great entries.
4. Our target for our S2 entry (Scalp trade) is a retest of R1, with our stop loss just below the previous gap from the S2 entry.
5. The target for our S3 entry (Swing trade) is the right below the previous swing highs at ~245, our stop for the S3 entry is set below the S4 levels as we expect those levels to support price if we have a correctionary pullback.
6. Exit any positions if stop losses are hit or if Fractal Trend turns bearish (Maroon bar color) indicating a downtrend.
I used to take the bus!As we see more opening ups hapening , and more people going back to work I think those who felt safer on public transport, I being one of them will feel safer on ride hailing services... the golden cross in the MAs along with the bounce and this I think paint a nice picture for a 30% gain in short term , I would put the Stop Loss at 27$
VBI vaccines $4 EOY Target Successful completion of the pivotal Phase 3 program for Sci-B-Vac®, on-track for submission of regulatory approval applications in the U.S., Europe, and Canada expected to begin in Q4 2020
Announcement of pan-coronavirus vaccine candidate targeting COVID-19, SARS, and MERS – human clinical study material expected to be available in Q4 2020
Expanded immunologic, tumor, and clinical data from recurrent GBM Phase 2a clinical study of VBI-1901 expected mid-year and Q4 2020
Human proof-of-concept data from Phase 1b/2a study of hepatitis B immunotherapeutic, VBI-2601, expected H2 2020
Net cash proceeds of approximately $54 million added to balance sheet from underwritten public offering in April 2020
11 Million shares bought by insider www.sec.gov
Where is the Death Rate Allocated among?1142416 Confirmed - Recovered (12%)
66189 Deaths = 5% (Current-result death rate)
17% Known result
83% Unkown result
Forcing statistics result on the number of unkown result simply may serve to find the real result of the illness, though result vary depending on multiple factors among where the death rate is allocated upon such as immunity, not to say age because 37% are within 18-44 yrs old according to data from the CDC.
Based on numbers that are changing after my calculation, I will present what I had calculated. Assuming there was no further spread, to find the result for these numbers:
Confirmed: 1130494 Recovered: 141706 Deaths: 65605
5.8% Death
12.5% Recovered
81.7% Unknown = 923613
Of the unknown, recalculated: with the % found:
53569 Deaths, then,
754591 Unknown, (following this "% of" pattern)
43766 Deaths
+35757 Deaths
+29213 Deaths
+23867 Deaths
+19499 Deaths
+15931 Deaths
+13015 "
+10633 "
+8687
+7097
+5798
+4737
+3870
+3162
+2583
+2110
+1724
+1408
+1151
Last few based on discovered % death rate:
+6151
= 31% Death rate
Giving the % death rate as low in the news outlets allowed the perception of a minor disease = less care.
Possible Long on CSVWhat is CSV?
Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.
This is an update to the previous chart, i posted. it looked like it was either gong to breakout or reject before and it seems that we got the rejection a few days ago with the whole market.
However, CSV has been playing this channel really nicely so we could take a long around $13.90 area.
Entry 13.9
target $15.9
stoploss $12.9
XSPA 1D - Awaiting breakoutThis represents ~20% of my RISK ADVERSE portfolio. Cost basis @ 0.40 but have been buying since the 0.30s.
This company is currently trying to add to it's current portfolio of Spa Centers located in airport terminals (post TSA checkpoints) to become testing centers for COVID.
Current news is that there are pilot programs going on, but the only location that seems to have actually started this program is the JFK airport.
I know they are in a lot of the major airports across the country and world so there is a big opportunity for them if they play their cards right.
Once the news hits that they are testing thousands of airport employees daily (pilots, maintenance crews, TSA employees, and potentially antibody testing).
This speculative play has a big upside and low downside as this was a 2 dollar stock prior to COVID, just operating as a spa in airports that will eventually get foot traffic back.
ALSO they have been diluting to raise capital so this has been keeping the stock price down with all the selling in the market. This should end soon and remove the selling pressure.
Do your own due diligence, IMO buying around 0.50 or below, if it closes below 0.48 they are in trouble. But I believe with the hype and dilution slowing down we see it hold 0.48.
PRICE TARGET: $1.00+
All it would take is 1 Press Release saying they will be testing all the pilots and TSA members as a matter of national security or Trump mentioning testing at airports during a conference to BLAST OFF.
GOOD LUCK
DISCLAIMER: I AM NOT YOUR MONEY MANAGER, THESE ARE MY OPINIONS AND NOT SOLICITED FINANCIAL ADVICE. TRADE AT YOUR OWN RISK AND KNOW WHAT YOU OWN.
$SPY: Fed induced rally hiccupsThe 6 week rally from the low on Mar 23 appears to be digesting the gains or struggling for direction, as you see fit.
$SPY ended lower for the week, down -2.65% on Friday on a very low volume day as most of the exchanges worldwide were closed for Labor day holiday. The critical 61.8% retrace and gap resistance is acting as a wall at present.
The US markets started May poorly, especially the small caps (IWM), which was trounced for -3.97%.
FED induced rally appears to be running out of steam. $SPY has lost the 20 EMA. Price and momentum are diverging. Cycles are pointing to a low around 3rd week of May.
Story stocks like $AMZM, $ZM, $TDOC, strong sectors like semiconductors (SMH) -4.71% are likely trading heavy due to anticipated 2nd round of tarriff war with China. These geo political tensions, alongwith economic devatation from Covid-19, does not bode well for the markets for the near future.
Technically the markets are showing weakness, though a supportive tweet or further FED stimulus can again rip the markets higher.
Bitcoin Up 23% YTDBitcoin is up 23% YTD recovering significantly after the COVID-19 crash. Bitcoin has performed better than gold (XAU/USD) amid COVID-19.
Disclaimer:
This is not financial advice in any form and is not an attempt to spread FOMO or FUD.
Do your own research and trade at your own discretion
$SPY : Absence of FED bazooka$SPY support is at 280 and resistance at 293.
$SPY is struggling to get past 61.8% level of the sell-off but has not yet triggered a sell signal. Talk of progress in treatment or vaccine for Covid or a supportive tweet can jolt the market from is current lower drift.
$SPY needs a bazooka from the FED to keep moving higher. But absent that stimulus #SPY is adrift.
If that was not enough US is threatening further tariffs on China.
All this contributes to a sour mood at the open in about 45 mins. $ES futures are down about 2.1% as of this writing.
APPLE bullish trend continueation forecastapple has been on a nice uptrend but has fallen a bit due to the the new corona virus...…
We can see that price quickly bounced up indicating that the situation most likely wont worsen for apple as more people are now at home.....they will be probably using there phone a lot more..which if anything is beneficial to apple.
so wait for the bullish breakout and buy the successful retest if in your opinion looks good...…….don't buy just because I said so u sld have your own analysis always!
GILD Analysis ||| it's a short term buy (2-5 months)The GILD price fold into the inside pitchork channel on the long term. This signal a long term downtrend, which does not serve visionary long term investment.
However, for the intermediate term analysis. GILD price follow channel patter as is in the second channel. Despite the extraordinary selling volume, the price found a strong support at 75$.
GILD next TP needs to be positioned at 89$.
If the price breaks the 89$ resistance with momentum, the next TP is at 103$.
Top 3 Stocks NOW 🚀| April 2020Top 3 Stocks NOW 🚀| April 2020
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Stocks : BA
What’s the Strategy here :
Absolutely in love with the run up !!!!! try to catch it in action !! sell when it hit 155-160 $
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COVID-19: NZ & AU Open Border - Risk Assessment (pt 2/2)There are ongoing discussions across both New Zealand & Australia about relaxing border controls between the two countries given their current COVID19 status.
Point of Maximum risk is taken as the Peak of the 2 Sigma Upper Bollinger Band
Current risk is taken as the (Current Upper Bollinger Band) / (Peak Upper Bollinger Band)
NZ risk level = 8%
AU risk level =10%
Open Border Risk = SQRT(0.08*0.10)= 9% Risk
COVID-19: NZ & AU Open Border - Risk Assessment (pt 1/2)There are ongoing discussions across both New Zealand & Australia about relaxing border controls between the two countries given their current COVID19 status.
Point of Maximum risk is taken as the Peak of the 2 Sigma Upper Bollinger Band
Current risk is taken as the (Current Upper Bollinger Band) / (Peak Upper Bollinger Band)
NZ risk level = 8%
AU risk level =10%
Open Border Risk = SQRT(0.08*0.10)= 9% Risk
The Ethereum is money of the futureAt the monday we will check the unemployment rates and it will be high.
The first week will be almost calm, but when the people will see the government can't do anything with it or release carantine from the economy - it will produce new wave of COVID sick and new panic wave at the finance sector.
The highest pick of COVID would be at the middle of the may.
Also BITCOIN hardfork, and the planning Berlin hardfork at ETH Summer 2020.
All this point soon fall of the eth after the little growth in the correlation of the bitcoin.
I think the whales will take their positions at 50-60$ per ETH
Be calm, save your money, keep bright
Southwest Airlines; Are the Bulls Ready to LUV this Stock?✨ We provide charts every day ✨
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Hey gang! Let's take a look at Southwest Airlines to see if it can pull out of this tailspin. The LUV chart looks like hot trash on a southwest sidewalk right now, but we are slamming up against some major support, which might give this dead cat wings.
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1. Fractal Trend is showing a downtrend (Red background color) for LUV on the daily chart.
2. With this setup, we want to take short positions when Fractal Trend signals a downtrend AND then Breakaway Scalper signals a short entry in the downtrend by showing a Red bar color.
3. You see from the above logic that LUV has been a great short during COVID. That said, it seems unlikely this stock will just go down forever, so we want to look for support and a reason to shed our short bias.
4. The first level to watch is the bullish orderblock at S1. S1 support is one of the last major supports before we hit the 2010 - 2013 range at S3. So it is one of those situations where it's "either we bounce here, or it's a long way down).
5. If this short signal does let up, and if the uptrend can continue at some point, we will be looking for a reaction at the bearish order blocks at R1 and R2 resistance.