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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
Big strike on largest oil refinery - big gap coming at open!!If you follow the news, you know about the big drone strike on a Saudi Aramco oil refinery - their largest one - this weekend. An Iran linked group is claiming responsibility. From articles I have read, they are saying this will drop production by 5 million BPD which is pretty significant... then of course the tension this creates on a world scale, in an already sensitive oil market with the USA and Iran going at it. Anyways, this will cause oil to gap up big at market open this evening. I plan on playing that gap, but will wait for a little pull back before I enter long.
NYMEX:CL1!Long
by Bankuur
GLOBALISTS AT IT AGAIN, OIL PRIMED TO RUN (BCOUSD)Hello traders. This weekend, YEMENI REBELS have taken credit for a MAJOR DRONE STRIKE on Saudi Oil production, affecting their total output by HALF and therefore decreasing global supply by 2.5%. Shortly thereafter, American officials turned to IRAN to place blame. The American government has been pining for this conflict for a very long time. With any luck, whatever your political leaning might be, President Trump will see through this facade and keep the brave American military OUT of such a conflict. There is no excuse for the exchange of human life for profit!!!! All this to say, BAD FOR EARTH, GOOD FOR OIL SPECULATION. The technicals on Brent Crude, though somewhat 50/50 in my eyes, show CLEARLY that oil indeed has room to run here. This Black Swan event could be the perfect catalyst to cause a major spike in price. There isn't much more to say. I will be taking a market trade here with a relatively tight stop. This will be a low Risk high Reward trade. Good luck everyone. Most importantly, stay safe my friends.
OANDA:BCOUSDLong
by vox-populi
1
Spitting Thoughts : BRENT/WTI, Trading the Drone Attack?....I had a friend who said to me as soon as I said I have a Long position on an airline stock CFD, would I short sell that stock CFD if, god forbid, something bad happens to that airline? It made me sick to think about it. If there were accidents happened and there were ways that me as a currency/stock CFD trader, able to take advantage of it i.e short or long the involved currency or stock while someone probably hurt or died from that accident, would I still do it? I do not know as of now if there were human casualties from this drone attack to Saudi oilfields (I pray that no one was killed) but as soon as I read the news yesterday, I knew the oil price would shoot up. I could not help myself as a trader, almost immediately, thought of this: buying the dips. The Brent closed at $ 60.43 and price as of now is $ 67.xx. I appreciate institutional traders do manipulate market prices for Brent and WTI. What makes the energy market little bit more sensitive is it like pegged with geopolitics. The market reacts this way because potentially, this oil field destructions would cost Saudi 50% of their daily production. The supply will be definitely affected. Demand Enough fundamental analysis, what does the technicals tells us? There is nothing in my end. Price shoots up and the spike, at the moment has stopped. I am not saying I will trade this as I do not feel good about it, but if someone asked me if I was a human being with no heart and still want to trade the Brent based on this, what would I do moving forward? Buy the dips. I will look at "key" old resistance levels and see If I could find bullish triggers around that price levels at $ 66.00 - $ 66.50. I expect the price will continue to go up as long as the narrative remains that Saudi Arabia production will be affected, even the company that runs the oilfield claims that they will get it running in no time, market confidence will remain bearish on the company (consequently bullish for the Brent and WTI). Retail traders who don't care much about fundamental analysis, is already lining up to short this instrument hence that is just FOOD for institutional traders who looks at liquidity above anything else right now. But please, don't trade this.
OANDA:BCOUSD
by sufiansaid
Crude Oil Heading For A SpikeIt is no surprise that oil prices have been rising. With the recent attacks on Saudi oil reserves it is very clear indication that Octobers oil prices will be higher than the past quarter year. As an active Day Trader I believe in technicals first and the price looks like an excellent inverse head and shoulder setup for the near future. Before we see an astronomical rise in oil prices, there will be a moment of uncertainty while price attempts to break September 2019 highs of $58.78 per barrel. There is plenty of skepticism in last weeks drop. Why has the sudden drop just pause and consolidate around 54.00-55.00? There are plenty of "clues" in the chart itself and the fundamentals just adds certainty to my analysis. We will have to see what happens when the market opens in a few hours and will monitor prices this week.
NYMEX:CLV2019Long
by bajapips
Saudi Aramco Fire to be Bullish Oil? If you have not heard, Saudi Aramco refineries apparently got hit by a drone attack and are now in flames. The US has come out and blamed Iran for this attack. This should be bullish oil, I am looking for a break above the 58.75 zone. I am bearish on oil given the fundamentals and the fact that we are likely heading to a recession. However, anything geopolitical will keep oil buoyed. To be honest oil needs to be kept up. A lot of western oil companies took out loans from banks during the recent fall in oil. If oil falls and these oil companies feel the pinch once again and cannot afford to pay their loans to the banks...the banks will also fall. Oil seems like it needs to be 'managed' above 40 or 50 to keep these companies from falling. If you have read my work on the US Dollar, I have outlined why the Dollar going HIGHER will exacerbate the world problems. You can read that post linked below. Russia and China are attacking Dollar demand. Right now the US has what the French called 'exorbitant privilege' meaning as long as the Dollar remains the reserve currency, there will always be artificial demand for it. Meaning the US can print as much dollars they want without having to care about their debt and deficits. Once US Dollar demand takes a hit, the Chinese can sell off their treasuries and do some damage ( especially when interest rates are cut and moved lower). But they are targeting the Petro Dollar: the US Dollar being used for oil payments. Iran is key for Russia and China. As the US Dollar gets stronger, nations such as South Korea, Japan, Turkey, India and some European nations have chosen to purchase oil from Iran because Iran accepts any currency besides the US Dollar for their oil. Japan, South Korea and some European nations have chosen to lessen or halt their imports due to US pressure. However Turkey and India told the US to mind their own business. The Indian Rupee and the Turkish Lira have been decimated due to the US Dollar strength. These nations essentially cannot afford using the Dollar to buy Oil. Iran is convenient for them because they can use their own currency to purchase oil. As the US Dollar gets stronger, more nations will want to ditch the petro dollar and purchase Iranian oil. On a side note, Russia and China have put a lot of money into Venezuela and backing Maduro...it is likely they have told him that when Venezuelan production comes back to par, Venezuela will NOT accept US Dollars for their oil. Whereas the US backed Guaido would essentially only accept US Dollars for Oil. We have seen this situation occur with Saddan Hussain in Iraq and Gaddafi in Libya where it was likely they were taken out due to the fact they were beginning to accept other currencies besides the Dollar. The Russian and Chinese plan is simple. To get more nations to drop the US Dollar as the Dollar price goes up. In fact with their large Gold reserves, they may be telling dark pools to keep buying the dollar. Yes, there currency will fall against the US Dollar, but their gold priced against their currency increases so they avoid damage. This is how the Russian central bank pretty much fought off US Sanctions. So as the Dollar gets stronger, more nations will elect to purchase oil from Iran. This means that Saudi Arabia begins to lose market share because their customers are going to Iran. This would force the Saudi's to drop the Dollar in order to entice customers...but there is another thing. Putin has been getting close with Mohammed Bin Salman (MBS) who is expected to be the next King. We have all seen that Putin-MBS and Trump watching from behind high five meme. It is likely that when MBS becomes King, he will drop the US Dollar with a guarantee that the Russian military will offer Saudi Arabia protection from any US responses. Right now Saudi Arabia can influence American foreign policy greatly. I am sure they have told the US to deal with Iran otherwise they drop the Petro Dollar. They are in a very strong position. For the Americans, I think they know that Iran is the key. They know they need to take Iran out. Of course Iran is no pushover. But the military will have to strike Iran in order to protect US Dollar demand. The US military is the armed branch of the Federal Reserve and the US will have to use the military to force every nations to accept and use the US Dollar and punish those that do not.
TVC:USOIL
by Uncharted-FX
21
WTI Crude Oil - Some infosHi Guys, allegations of Human Rights violations are, IMHO, playing an important strategic role for the dynamics of supply and demand and the management of oil price control. Saudi Arabia was placed under unprecedented scrutiny, and economic and political pressure from the international community because of this. A lot of European Countries have stopped the sale of arms to Saudi Arabia over the incident. Canada is still considering freezing its arms deal. U.S. lawmakers too are considering to take action against the crown prince for his role in the murder of journalist Jamal Khashoggi. Senator Lindsey Graham said in an interview on Jan 19 to Bloomberg :“Congress will send a very clear signal to the world and Saudi Arabia that we would not be doing business as usual. There’s strong bipartisan support not only to condemn the actions of Saudi, MBS, but actually do something about it.” The heir to Saudi Arabia’s monarchy has so far largely dodged any reprisals against himself, with President Donald Trump opting in November to impose sanctions against 17 lower-level Saudis implicated in the murder following global outrage. Critics in Congress have said that was only an initial step, with a bipartisan group proposing stronger penalties including suspending the sale of arms to the Riyadh government in a challenge to the Trump administration. The recovery period following the low in 2016 was stopped on Oct.2nd, 2018 by the assassination of Jamal Khashoggi. Such event triggered a bearish impulse that helped breakout the distrubutive channel (pink). The fall was supported at $42,30 where it found support 4 times in the past (1234 in red). From $42,30 price re-tested the lower trendline of the upper channel (pink) right when Saudia Arabia executed 37 people on terrorism charges. Below some screeshots providing infos: Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
TVC:USOIL
by cozzamara
2
Weak data from the USA, oil in danger and pound under pressureYesterday’s data on US retail sales could be described as weak only. Sales dropped 0.2% in April (with growth forecast at 0.2%) therefore the dollar has suffered sales. We recommended looking for points for selling the dollar yesterday because the afore-mentioned scenario was considered as fundamental one. Our position is unchanged – we short the dollar. First of all against the euro and the Japanese yen. Perhaps the Canadian dollar could be added. Inflation data came out. The reason to hope for less aggressive rhetoric from the Central Bank of Canada has been given by inflation data on Canada. Another data that came out yesterday was the statistics from China. The figures also frankly did not please: industrial production, retail sales and investment growth rates - all indicators appeared much worse than expected. That only assured investors that the world economy will slow down further, and the trade war is - a real evil. Meanwhile, the pound continues to be under pressure. The basic reason is the same - Brexit. The government is not able to get on well with Labor. This means that the vote on the updated Brexit plan, scheduled in the House of Commons for the first week of June, may fail once again. Our position is to refrain from buying the pound. By “goodbye” we mean the appearance of clarity in Brexit situation. Given that the potential of pound growth is measured in hundreds of points, it is better to receive less than 100-150 pounds of profit but to enter consciously and surely. Meanwhile, tectonic shifts are possible in the oil market in the near future. The point is that OPEC + is coming to an end. And the decision to extend it is still far from being made. This weekend will be held negotiations of OPEC +. According to rumors, Russia is ready to support the increase in oil production. Given that Saudi Arabia, in general, has similar desires, there is a reason to think that OPEC + will cease to exist, or at least, the size of production cuts will be revised to a significant decrease. For oil, this means one thing - a reason for a medium-term downtrend formation. So we recommend starting selling oil now, while it costs so much. Our trading plan for today: we will look for points for buying the euro and the Canadian dollar against the US dollar, sale oil, and the Russian ruble, buy gold and the Japanese yen.
by Trade24Fx
WTI CRUDE OIL (USOIL) 4-HOUR TIMEFRAME SHORTWell today i have some bad and good news. Which one would you want to hear first? I guess let's start with thee crappy news! I somehow missed a 500+pip bearish move on oil. Like who does that? Anyway, it is not totally a bad thing. Because the good news is that it has created some nice structure in the market on which we can base future trades. My bias on oil is now bearish. Yeah i might seem late but trust me i know what i am doing (even though my profile says i don't). Plus history repeats itself. So let me share how i might possibly enter this trade. Obviously, i prefer to enter on a breakout of the corrective pattern, but it might be good on the price but bad on the timing. Perfect entries do not exist lol. You have to find what suits you. Without further ado, here are the numbers; ENTRY: 60 STOP LOSS: 63 TAKE PROFIT :57
TVC:USOILShort
by munyaelliott
1
Trade deadlock, Saudi tanker attacked, expert opinionsThe trade negotiations between the US and China are still at an impasse. The reason is - the Trump’s position, who accused China of violating the agreements. China, in turn, accused the United States of having provoked a negotiation crisis. Well, sum up there is a complete halt in the negotiation process, the expected counter-actions on the part of China and rather gloomy prospects for the world economy ahead. As for counter-action. China announced that it will increase duties on US goods in the amount of $ 60 billion. The Ministry of Finance of the People’s Republic of China issued a statement announcing that from June 1, 2019 duties on a number of American goods will be increased from 5% to 25 % Yuan naturally has dropped, reaching the lowest values against the dollar since December 27. According to analysts, this decline will not be limited and it is worth preparing for the assault on the mark of 7 yuan per dollar (the minimum value of the yuan since the global financial crisis). Yuan was not the only victim - stock indices declined steadily. In general, the conditions for Japanese yen and gold growth are more than favorable. So, we continue to recommend its buying. As for the US dollar, recently, any uncertainty of investors leads to its growth: the markets perceive the dollar as another variation of safe-haven assets. That is why a lot of managers of famous funds unanimously declare that the dollar is still the king in the foreign exchange market and its buying should be preferred. Moreover, the advice is buying it against the currencies of developing countries, for example, the Turkish lira, the Argentine peso, and the same Chinese yuan. It is simply to understand what is happening currently, the escalation of trade wars causes damage primarily to the economy of developing countries, therefore its currencies will be the first to take the brunt. Saudi tankers among 'sabotaged' ships off the UAE coast. Taking into account the already tense situation in the Middle East, the oil market reacted to this force majeure as a completely natural reaction in the form of price increases and oil. But the growth did not last long and the day closed with a “black candle”. We will keep up to date and continue to look for points for oil sales. By the end of Monday, our trading preferences have changed: we will look for points for buying the euro against the dollar, selling oil and the Russian ruble, as well as buying gold and the Japanese yen, but we will wait a little with Australian and Canadian dollars buying so far.
Long
by Trade24Fx
BRENT CRUDE OIL (UKOIL) (BCO/USD) 4-HOUR TIMEFRAME LONGThe price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year and the Kashoggi murder. But let's focus on the now. In order to enter a short, traders can wait for a retracement to the 68.46, which represents a previous support/resistance level. If you have been living in a cage, then you probably should know that OPEC stands for the Oil and Petroleum Exporting Countries, and they are the cartel controlling crude oil prices and supply. In the centre of this cartel is Saudi Arabia, which is the largest producer of oil worldwide. Muhammad Bin Salman, the crown prince of Saudi Arabia hopes to raise prices of oil for the benefit of his kingdom whilst he comes under constant pressure from westerners like who believe oil should be sold for peanuts in order for them to continue using their dinosaur fuel-guzzling Chevys and Ford trucks without feeling the wallet crunch. Guess who is at the centre of the "oil prices must fall movement"? Yes, you got it right, none other than Donny Trump!
TVC:UKOILLong
by munyaelliott
$TASI Don't Sleep on Saudi ArabiaOne market that has quietly, but powerfully, performed well for 2019 year-to-date has been Saudia Arabia's Tadawul All Shares Index , up 13.82% as of April 3rd 2018. On a macro level, the country has been buoyed by a resurgence in the price of oil , coupled with the "Risk On" feel supporting the markets since January 2019. More interestingly, on a domestic level, the country has been support by global index makers, such as MSCI , promoting Saudi Arabian shares for inclusion into global benchmark indices, such as the MSCI Emerging Markets Index. This has been a boon for Saudia Arabian stocks, as Saudi shares have received billions in fund flows from global investors, and great exposure to global investors as this asset class opens up further. Lastly, on a technical basis, the market technicals for Saudi shares are quite strong, with the price being supported by the 10-day EMA since December 2018. Furthermore, the Smart Money Index for the $TASI has risen steadily since January 2019, indicating strong flows into Saudia Arabian stocks. We believe that this trend will continue for 2019 and recommend investors to have exposure to have exposure to Saudia Arabia. For investors who are interested in profiting from this trend, the ETF $KSA provides a great opportunity for investors.
TADAWUL:TASILong
by EconomicsGlobal
$KSA Don't Sleep on Saudi ArabiaOne market that has quietly, but powerfully, performed well for 2019 year-to-date has been Saudia Arabia's Tadawul All Shares Index, up 13.82% as of April 3rd 2018. On a macro level, the country has been buoyed by a resurgence in the price of oil, coupled with the "Risk On" feel supporting the markets since January 2019. More interestingly, on a domestic level, the country has been support by global index makers, such as MSCI, promoting Saudi Arabian shares for inclusion into global benchmark indices, such as the MSCI Emerging Markets Index. This has been a boon for Saudia Arabian stocks, as Saudi shares have received billions in fund flows from global investors, and great exposure to global investors as this asset class opens up further. Lastly, on a technical basis, the market technicals for Saudi shares ($KSA as a proxy) are quite strong, with the price being supported by the 10-day EMA since December 2018. Furthermore, the Smart Money Index for the $KSA has risen steadily since January 2019, indicating strong flows into Saudia Arabian stocks. We believe that this trend will continue for 2019 and recommend investors to have exposure to have exposure to Saudia Arabia. For investors who are interested in profiting from this trend, the ETF $KSA provides a great opportunity for investors.
AMEX:KSALong
by EconomicsGlobal
USOIL on path to 58.50 before falling towards 50. Pending short?Technical analysis uncovers path that may bring a lot of possibilities of trading, but also a lot of risk, stay close to the news and comments about USOIL, and also monitor the development of the pattern in the following days and weeks. Time-frame: one month. Resistance: 58.52 Support: 48.90 Trading setup scenario: After price reaches 58.52 we short it on a daily close below it. Target 51.20, and 49. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Please remember that past performance may not be indicative of future results. Supplied information is not an advice.
TVC:USOILShort
by TheTrade_Academ
Oil is gonna make a run for itOil climbed, and broke through the neckline of the reverse head and shoulders pattern that has been in play for the past few months. The growth was due to supply cuts and reduced output from OPEC countries. Russia has also agreed to participate in the cutbacks. Saudia Arabia will be repairing a damaged offshore field, and this will decrease supply and increase the price of oil in the week to come. In total oil rose 4.2% the past week. Gains are being stifled by a few factors as well. US inventories are rising, the global slowdown is decreasing demand, and US output is at a record high. To counterbalance this Chinese imports of oil are rising by about 4.8% each quarter for the past three quarters. Starting on the week of February 18th China-US trade talks will continue in Washington as the leaders of both nations will sit down to reach an agreement before March 1st. Also the US may put sanctions on Venezuelan exports and further decrease world supply. So long as WTI stays above 54.00 we see a bullish play in motion. If and when oil breaks through the Fibonacci resistance level of 38.2% at the price of 55.63 we will see the biggest spike up. The next level of resistance is the 200-EMA. The first strong target of the bullish movement is 57.34 and the next target is 59.00.
FX:USOILLong
by YaroslavBirchenko
TUPRS Short idea. Make gains on your crypto playing real marketsThis is setting up for a nice short play. We have learned to play these markets by playing crypto and while nothing is happening with that at the moment we can play real markets such as forex, stocks and indices. These things move every weekday. Tuprs is a Petrol company, they buy oil and make products such as oil for your car, gas for heating and petrol. Looking at the chart on a big timeframe you can see divergence. This says we are due a correction. Just going by the chart. Now you look at new and I don't care too much about that but you see that Saudi journalist that got killed in Turkey. They are starting a row with Saudi and where does most of the worlds oil come from? All it takes is for them to get pissed with all the bad attention going there way, raise prices by slowing production and make companies like these prices rise/profits fall. A 25$ drop with margin? Yes please! Looking at lower times to get a short. My short from $133 was stopped out yesterday but it has not discouraged me. I will look to go again. From $135 to $140 with a stop of $145. So if you are a crypto holder, ETH, BTC or DASH you can make some gains while not worrying about the crypto market by playing real markets like this one. So if you change your margin to 100x you can get 10/1 on this which I think is safe, you can go 500/1 which would be 50/1 on this but lets not be greedy. This is what I think will happen over the coming weeks. Just by the chart pattern the news will come to fit this, its just how it is. Look for it to pull back in a bear flag pattern and sell at either the top or when it breaks the bottom of it. You can play this and many other things at simplefx.com (my referral link) you can deposit it crypto. If you do a search of them you will see some SCAM alert things about them from the BCH moon last year. But you wont find anything about the other products. So don't use these for crypto you have others for that but they are okay for real markets. So I say again, if you are a hodler, forget crypto while its doing nothing and start branching out. You have been learning the last year or so, start putting that knowledge to work where others are not thinking about. APPL too all heading for falls. These work the same as crypto, you can profit off of these things where the news and things will have you think you need a finance college degree to understand this stuff. Its just chart patterns and trends like crypto. And this product is heading for a correction. The news will come to fit the pattern, its how it works.
BIST:TUPRSShort
by MONGREL