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Oilprice

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
TVC:USOILLong
by CeoCodes
3
Halliburton (HAL) still a strong buy; semi-long term swing sellOil continues to rise after the historic nadir that saw it trade negatively briefly. Oil giant Halliburton may never reach the trade levels it was at in 2018, but the company is due to rebound quickly as the industry does itself. A major manufacturer of the equipment, it is a mainstay and key oil stock if one wants to capitalize on the rebound overall of the entire industry. While ideally, one has already acted here, while it was as low 4.50 per share, but it is currently trading in the 10.30s, and still is a must buy. By December or perhaps by next summer, a full rebound to pre-pandemic prices should be assured at about a 250-300% ROI for investors buying right now. $HAL is a play on the expectation normalcy does return, and it is already showing signs as of yesterday with pump prices increasing nationally. As more states open up, HAL will only benefit from the increase in travel, need for oil, and all the things that this world economy had been dependent upon pre-COVID. This pandemic did teach some lessons, and it also taught that even the most reliable markets are a lot more plastic than we had anticipated. But nothing is forever, and Halliburton is showing nothing but gains as the industry does so. At this point, a strong buy.
NYSE:HALLong
by BDRTrigger33
$20 Short Possible for APA Contigent on Positive Earnings CallFirst off, please don't take anything I say seriously. As always, this is on opinion based basis. That being said, let me get into a few key points. Apache Corporation have recently been bearish as a result of the period we are in and the demand in oil going down. I believe realistically, if somehow they have a positive earnings call, they can quickly surpass the $20 threshold. If now, then we need to wait and see how the market will react once the demand curve for oil keeps going back up.
AShort
by gamer456148
USOUSD OIL BULLISH TO 24.68 to 32.88| 5th May 2020"How Malaysian people can predict the oil price accurately? This is the long lost technique which I learn from my father. Japanese people expert at rice price Malaysian people expert at oil price. We are an oil producer since generation. Alas, not many Malaysian people know it.." -Zezu Zaza Oil Webinar on 28th April 2020 8 years ago, when I started the journey seriously in being trader (your job is to buy and sell price), my dad asked me if I want to learn an ancient technique. A technique which not people know because not all people being in the oil industry at that times. Well I said, 'Yes of course I want to learn the secret..' I said like being skeptical on how he really can know the secret of oil price traded. I mean for a second I was like dont very pay attention about what he told me. That times I was like 24 years old. Very novice, juvenile and smell like nothing in my head. Now I am 32 years old. Old enough to experience the trading like 12 years experiences just only to watch the price daily for 12 years. Market price is my netflix. 'Well son, I learn from your grandpa. He taught me something that people like us need to know but our races won't appreciate it because they don't know how important really is.' My father sipped warm coffee. That time felt like peace with breeze air from outside of our village. (Back then poor people don't venture into the oil price trade) Since we are a family which trade the price, we must know all the technique. How to trade oil, how to trade gold, how to trade wheat. And all of this traded instrument were totally different on how to trade it. But younger generation nowadays hit everything on its path. They think they know everything and trade the same. Old people from our time is really good than people in your time. All your gadget, indicator makes you stupid. Things that comes easy, human wont strive for the success to dig the knowledge. They prefer the indicator to tells things while indicator is a lagging coding after price and momentum makes its turn. I hear his mumbling bla bla bla and bla like 1 hour. At one point, what he said is true. I cant denied. Then he off his tobacco cigarette and sipped the coffee. He show me something which I truly remember until now. He draw a chart in one piece of paper... Then I saw something huge. Something that people need to know. The secret is so huge to hide. I was amazed with the prediction. The price is like a battleground of a chess. I stood hard to digest on every single details he told me... To be continue.. Regards, Zezu Zaza 2048
TVC:USOILLong
by Zezu_Zaza
5