USO
USO / UCO a play on barrel oil shock LONGUCO is shown here as a one month trend - It is sitting on the rising support tendline about
2% below the recent high. Oil prices contribute to inflation. Anyone in the USA is aware of
gasoline prices at the pump. Geopolitics plays into price. At present, US Navy warships are
consuming refined oil and heading to the Middle East. Iran and Russia are sanctioned and must
sell oil on the global market ( primarily India and China ) at artificially low prices. If Iran
retaliates against Isreal, its oil infrastructure will be bombed back into the Stone Age in less
than a day or two by the US. Global oil prices will spike nearly instantly from spot oil to
futures. US Domestic producers will benefit ; the insane net cash flow to them will
dramatically increase quickly. Russia will sell more oil to make up for Iran being taken off
supply but will not capitalize so much given the sanctions. The price of oil will likely go
north of $100 USD / barrel and potentially higher. Iran could go nuclear and any residual
oil infrastructure would be turned into a quagmire of scrap metal in another day of work for
the US Navy bombers and the fighter jets that escort them into strategic missions.
Defense contractor stocks will spike as well. This could be a black swan event.
My trading dictates that I add to my positions and average in until price goes against my idea.
I am increasing my positions in gold and silver along with ETFs inversing the indices banks
and financial stocks until the dust is settled. This includes any plays on VIX. I will also look
at individual domestic oil stocks as well as junior precious metal miners.
Black Gold Judgment Says Huge Challenge Is Just One Step AheadGlobal shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates.
The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at one point in premarket trading before retracing some of those gains.
Price action was more subdued as investors were reluctant to push any market too aggressively one way or another ahead of the monthly U.S. consumer price index later in the day.
The boom has drawn parallels with the meme-stock craze that gripped markets in early 2021, where retail traders, using trading platforms and social media investment advice pumped up the value of stocks that many large investors had bet heavily against.
Technical graph for Brent crude oil says, right here is a similar challenge like in 2021.
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:37 AMEX:UNG Stock Forecast
08:46 USO Oil Stock Forecast
10:37 DXY US dollar Stock Forecast
11:33 Gold XAUUSD Stock Forecast
12:38 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
06:37 AMEX:UNG Stock Forecast
08:46 USO Oil Stock Forecast
10:37 DXY US dollar Stock Forecast
11:33 Gold XAUUSD Stock Forecast
12:38 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold DXY
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
09:07 AMEX:UNG Stock Forecast
12:15 USO Oil Stock Forecast
15:22 DXY US dollar Stock Forecast
16:43 Gold XAUUSD Stock Forecast
17:28 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold
Natural Gas Price Forecast | Oil, Silver, Gold00:00 Natural Gas futures stock NatGas Support & Resistance Guide
04:04 AMEX:UNG Stock Forecast
04:42 Oil Price Forecast
05:50 DXY US dollar Stock Forecast
06:50 Gold XAUUSD Stock Forecast
08:36 Silver XAGUSD
Natural Gas Price Forecast | Oil, Silver, Gold
$USO Oil targets hit. Sideways plus downside, maybe two weeks Breakout was a success and we saw $80s for a good moment there. Plenty of time to have taken any profit on any positions I had. The pullback in between also happened according to the bar chart. Let’s see if the rest of my pattern can make its way through into a plummet for late May.
Natural Gas Oil, Silver, DXY, Gold Price ForecastSilver, Natural Gas DXY, Gold Oil Price Forecast
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
04:36 AMEX:UNG Stock Forecast
09:16 USO Oil Stock Forecast
12:18 DXY US dollar Stock Forecast
14:04 Gold XAUUSD Stock Forecast
15:44 Silver XAGUSD
USOUSD Spot Oil Jumps on Geopolitical Escalation LONGSpot Oil on 30-minute chart had a slow rise in the past 24 hours followed by a pause and then a
jump on the Israeli retaliation strikes into Iran. Middle East oil shipping in the Red Sea and
Persian Gulf are at risk and shipping insurance for ongoing shipments is likely to experience
heavy rate increases if shipping does occur. Houthi rebels may resume proxy attacks on the
behalf of Iran. New sanctions contemplated against Iran may include increased action on oil
exports and the Israelis could target oil infrastructure. Overall, spot oil now has a bullish
bias. I see good cause to increase oil based positions at this time. My target for spot oil
based on VWAP lines currently on the chart is 87.5 about 4% upside without leveraging.
The volume indicator shows increased buying volumes relative to selling. The PVT shows a quick
burst of trend momentum while the TTM indictor triggered and has an upgoing histogram.
$USO August 23' Rally similar to today's PACompare said time frames and you will see the similarities in RSI and MACD although if it fails, new lows could be on the way. If a B/O occurs , look for $100 sooner than later. Will revisit later. I will attach the next post to this one for continued reference.
Natural Gas Price Forecast | DXY Oil, Silver, Gold
00:00 Natural Gas stock Bulls NatGas Support & Resistance Guide
05:33 AMEX:UNG Stock Forecast
07:00 USO Oil Stock Forecast
09:30 DXY US dollar Stock Forecast
10:42 Gold XAUUSD Stock Forecast
13:29 Silver XAGUSD
Natural Gas Price Forecast | DXY Oil, Silver, Gold
IMPP- a volatile penny energy stock LONGIMPP stands to gain market cap if the barrel price of oil moves on the global markets under
the pressure of geopolitics in the Middle East. While it is a domestic producer and not involved
in transoceanic oil tanker transport, the price of oil is a global dynamic in real time. As a small
cap, when the oil price moves and IMPP's fixed expenses remain static, margins can increase
in a curvilinear fashion. IMPP once traded in the 40 share price range. I believe it is well
situated to jump if oil prices escalate in the near term. For another similar penny energy stock
albeit not domestic take a look at INDO. Targets are on the chart 15%, 30%, 30%, 25% partial
closures at each averaging 10-15% overall