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USDJPY trade planAfter unprecedented attack from USA sanctioned by Trump the week turned into quite roller coaster. War threats with Iran have created a fearful first week in the market as safe havens surged with gold and silver gaining around 2.4% and 2.7% respectively since the start of 2020 as investors are trying to protect their capital from exposure in risky markets. JPY of course was a massive gainer, USDJPY fell through the channelled resistance and now found key support level just below 108. This weekend we are waiting for the new development between US and Iran to understand the next direction of this pair. A fall through support would indicate continuation of a short trade. Looking at 1 hour time frame in comments section a down trend line and small resistance zone show potential level for reversal and a buying opportunity. This trade will be largely determined by fundamental news from Iran and White House and I will update whenever news come out. Good Luck!
by Antonio_trader
CPE an inexpensive bet to profit from Iran conflictWith energy prices rising and war with Iran looming, it's a good time to buy a company that exploits domestic oil resources in the United States. The problem with many such companies is that they either trade at a high multiple or their long-term prospects are very poor. Callon Petroleum, which drills oil and natural gas in West Texas, avoids those problems. With a P/E of 4.56, a P/B of 0.44, and forecasted earnings growth for the next couple years, CPE is a strong value for the long term and also should benefit from any escalation of Iran conflict in the short term. CPE has had a tremendous amount of trading volume in its current price range.
CLong
by ChristopherCarrollSmith
political, environmental & economic impacts on Oil priceThe death of Iranian general, Soleimani, which was orchestrated by Donald Trump caused the price of oil to shoot up, with conflict in Iran (5th largest oil producer) and US (1st largest oil producer) leading to a mass brief bull run due to supply and demand. Here's a graph with spikes and dips in oil prices labelled in order to better understand the effect global issues have on oil. For a long time oil has been monopolised, exploited and fought over, by countries and companies, to the point where oil prices can swing a whole currency. This leads to the price being somewhat volatile in sensitive economic, environmental, political conditions.
TVC:USOIL
by Sampdm8
AMZN Gap FillAMZN Gap Fill is well underway. Already have confirmation on the 5m, 15m, 30m, 1hr charts. With the way it popped yesterday, Don't be surprised if we get back to $1900 in short order. *Key Support at $1865 held and that's where she opened this morning *Immediate bounce up to $1880 level showed some pretty good strength while rest of market was searching for direction - except for $TSLA which apparently just hit ludicrous speed... *Retraced to 1870 after bump up to $1883...didn't even bother to make double bottom shows the bulls are still in control. *Following identical pattern to yesterday's slow, continuous buy-build-buy-build basing. *Bull pennant and nice strong uptrend (maybe a better indicator than the gap fill) has formed on 5m candles and continues to hold.
NASDAQ:AMZNLong
by DontListenToThisClown
1
GBPUSD: POUND THE BUCKDespite what seems to be an everlasting downfall, the GBPUSD pair is currently in an uphill battle, literally. Climbing up in its current channel, the price point has recently tested what I consider a 'break-out' but failed. Not losing too much of its momentum, the price point fell from 1.35052 to 1.30844 where it rebounded with nice support. A 'break-out' was then again restested on December 31st but also failed. Despite failure, the price point found support at 1.36012 (higher than the previous support level). Also sitting on the bottom of its uptrend channel, it looks like the Pound is posed for a successful 'break-out' in the coming days. With worldwide tensions rising and pressures mounting against the USD, would this be of much surprise? P.S. The 12H chart also shows support under the current price level. Both 50 & 200 EMAs are sitting close by. Seemingly, awaiting the right time to push the price point up.
Long
by UnknownUnicorn5320750
4
Iranian Internet Blackout And Bitcoin Network HashrateThese days are too hard for Iranians because of the internet blackout and suppression by the Islamic regime of Iran. Based on statistics almost all Iranians are in an internet blackout and consequently, Iranian miners separated the Bitcoin network. Clearly, you can see a noticeable drop in the via_btc pool hash rate. these decrease in hash rate caused Bitcoin breakdown the falling wedge channel. Based on the news that the regime of Iran has released, the worldwide web would be accessible in Iran in the next few days so the hash rate will be corrected. By considering this all, I expect Bitcoin to stop its downtrend around 7700$. Apart from this, please don't forget the Iranians. They need your help. Thanks.
BITSTAMP:BTCUSD
by Btcsteps
Bad for oil and good for poundYesterday marked of news regarding the oil market and its prospects. Moreover, this news has a one-sided impact in terms of the impact on oil quotes. On the supply side, we have a message about the discovery of a huge oil field in Iran. It is about 50 billion barrels. To understand if it is a lot, let’s have a look at the statistics. Proved oil reserves in Iran rank fourth largest in the world (150 billion barrels). Accordingly, 50 billion = 30% will be added to existing stocks. That is a lot. It should be noted that while Iran is under sanctions, that is an accumulated potential than a real injection of additional supply on the market. But from the perspective of a market development strategy, the signal is undoubtedly bearish. Especially when you consider the news that Global oil demand may peak within the next 20 years, according to an assessment included in the prospectus for Saudi Aramco's initial public offering and, and further it will only decline. This news does not solve much in terms of supply/demand. But the prospects look extremely alarming for oil buyers. Sum up, in the short term, this news does not have that much impact. But in the long term, the oil market looks increasingly vulnerable. Knowing the markets and their general timidity, we will refrain from buying oil at current prices and will prefer its sales on the intraday basis this week. Until it becomes clear that investors and traders are fully aware of the situation. Yesterday, the foreign exchange market was relatively calm. The only exception is the British pound. Moreover, the reason for its splash was not macroeconomic statistics, which would be logical, since the data were published very important (GDP and industrial production), but traditionally news regarding Brexit. Nigel Farage has said the Brexit party will not field any candidates against the Conservatives in the 317 seats they won at the last general election. Motivation is the desire to prevent a second referendum on Brexit. The pound on this news naturally grew, since the chances of a “soft” Brexit increased. However, we believe that in the current political situation, any “scenario” play into the hands of the pound. So its purchases, in our opinion, remain relevant. Our idea is confirmed by yesterday’s reaction of the pound to rather weak macroeconomic statistics. Industrial production in September fell by 0.3% (forecast: -0.1% m / m), and GDP for the third quarter grew by only 0.3% (forecast: + 0.4%), and the state of the trade balance significantly worsened ( -12.541 billion against -10.825 in August). However, the pound has grown steadily We also do not forget to sell the Russian ruble, which again trades above 63.50, hinting that paired with the dollar its next target is 65.
Long
by Trade24Fx
Bet against oil this week after surprise crude inventory buildThere's lots of bad news for crude oil prices right now. Yesterday, OilPrice.com reported that "the American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.92 million barrels for the week ending September 26—a surprise compared to analyst expectations of a 1.567-million-barrel build." This morning, the US Energy Information Administration (EIA) confirmed the finding of a surprise inventory build, although the EIA's number is a little lower: "U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.1 million barrels from the previous week." This surprise inventory build comes despite significant efforts on the part of oil companies to scale back both imports and production, both of which were down week-over-week. There's more bearish news for oil prices, too. Saudi Arabia is reporting its oil fields back at full production, and the US is exploring non-violent solutions to the Iran crisis, including sanctions and peace talks. Both those developments, while good for the world, are bad for oil prices. I've purchased some of the DRIP fund to profit from further declines in oil prices this week. For more news and educational ideas, subscribe to my new YouTube channel for beginner investors, "Wall Street Petting Zoo"!
AMEX:DRIPLong
by ChristopherCarrollSmith
3
WAR WITH IRAN AND SLOWING US ECONOMY || The Higher We Climb...I could've titled this one as "what goes up must come down" and all that BS.. But the point is clear, RECESSION is not a possibility anymore. FED lowering rates just to keep economy afloat. FED had to make emergency injection of more than $125B over the past 3 days. JUST TO KEEP THOSE RATES BELOW 2.25%!!!!!!!!!!!!!! RECESSION fears keep on rising. Strange shit is going on with Middle East (more strange than usual). If war with IRAN won't start till the end of the year, U.S. economy is fucked. I think it's not a secret that the key basis of U.S.' economy is WAR, proxy-war for natural resources kept U.S. economy and all your precious indexes up and going for almost two decades. It's time for U.S. to double down on their way of doing business by starting yet another WAR or rip the consequences...
DJ:DJIShort
by BillyHomeless
The weakness of Eurozone, the mercy of Iran and demarche of SinoSome cases are still unresolved also news that the Chinese delegation has cancelled a planned visit to American farms only exacerbates. So yesterday's gold growth was more than logical against the backdrop of fears of the failure of negotiations on trade wars. Our position on gold is unchanged - we continue to look for points for asset purchases. This is happening against the background of a decrease in oil quotes. Moreover, there was an additional reason for bears. The decision of the Iranian authorities to release the British tanker Stena Impero. Formally, this is a signal of the tension decrease in the region. However, you should not rely on peace in the Middle East. The situation continues to be unstable, especially after the United States decided to send the military to help Saudi Arabia. However, our recommendation to sell oil remains relevant. In our opinion, the factors in favour of asset sales outweigh the arguments in favour of purchases. Among the main arguments the restoration of oil production by Saudi Arabia, fears of a decrease in demand on the oil market amid a deterioration in the global economy and the offshore revolution in the United States. Euro update. PMI indices in the whole Eurozone, as well as its key economies - Germany and France - came out distressing. Production indices everywhere dropped below 50, falling below the most pessimistic forecasts. For example, the PMI in the manufacturing sector in Germany in September reached 41.4 with a forecast 44.0 (by the way, the rate of decline in Germany's economic indicators is the highest over the past 10 years). That is, economic activity is deteriorating rapidly. Although the PMI in the Eurozone as a whole is still above 50, judging by the current dynamics, it will soon go below this mark. Yes, and the current value of 50.4 is the lowest mark for the last 4 years. Recall that we recommend selling the euro primarily against the Japanese yen, as well as the British pound. Even against the dollar, for all our disbelief in it, we are more likely to sell euros than buy. Moreover, the data on PMI indices in the USA yesterday came out not only above 50, but also better than forecasts. Once again, we point on excellent opportunities for Russian ruble sales.
Long
by Trade24Fx
Long the Iran Saudi warTensions are climbing in the middle east and they are climbing fast. Accusations have been made and whether or not they were responsible for the attack, there is a giant target on Iran right now. With all the crap going on in the world, Deteriorating middle east is not far fetched. I sure hope it does not happen but it's looking inevitable. A conflict of this scope would seend oil prices soaring. Might as well take advantage of it. Some good oil stocks to look at such as VET, CJ , CPG, MEG, etc (bold tickers for good dividends)
FX:USOILLong
by MysteriousPersian
US oil prices had their biggest spike. How to earn on it?US oil prices had their biggest spike. Oil prices soar after attacks on Saudi facilities and ended nearly 15% higher on Monday. Abruptly ceased more than 5.7 million barrels per day of production. We consider this situation a unique opportunity for earning. The fact is that the disappearance of 5 million b / d of oil is a temporary phenomenon. According to some estimates, most of them will return to the market in the coming days. Also, Trump is ready to sell oil from US strategic reserves to stabilize the market. Accordingly, the current growth is an emotional reaction. So oil will be adjusted. Given the scale of yesterday's growth, the correction will also be significant. So today we recommend oil sales. It may be necessary to be in the position for several days, but the goal is clearly worth the time spent. Another opportunity for earning. The Russian ruble entered the sales zone. The next round of sales (final) we will start with 62.50 (unless, of course, the price reaches these marks). And finally, the recommendation to buy gold and other safe-haven assets is also relevant in the light of current events. The US has already managed to blame Iran for the attack, so in theory, the situation could be developed. Meanwhile, financial markets received another batch of evidence in favor of the global economic slowdown. This time, China gave cause for disappointment and concern. Industrial production in Sino grew by 4.4%, which is the minimum increase since 2002 (!). So if the oil shock goes on, the chances of a global recession will increase. Today is formally out of surprises. It is worth paying only to industrial production in the USA. But in general, markets are beginning to prepare for the Fed results announcement. But we’ll talk about it tomorrow. And today, we note that dollar sales are still one of our priorities in trade.
FX:USOILShort
by Trade24Fx
Defense and aerospace stocks could get breakout to new highsOne of the items on my watch list is DFEN, the Direxion Daily Aerospace and Defense Fund. This ETF tracks companies like Boeing that would supply the US government with jets and drones in the event of a war with Iran. I'm not buying the fund yet, because it's at the top of its month-long parallel channel, and it's very close to its all-time high at 64.50, without much support on the volume profile. However, if it does start to look like we're going to war with Iran, I think we may see a breakout. I am watching closely to buy any breakout above either the parallel channel or the all-time high.
AMEX:DFENLong
by ChristopherCarrollSmith