DaveBrascoFX

DaveBrascoFX

After easing up on Iranian oil somewhat in favor of heavily discounted Russian crude, China is now set to receive nearly two million barrels of Iranian oil, Reuters reports, citing Vortexa Analytics tanker tracking data. The cargo, set to unload in south China later this week for pumping into the government’s reserves, is the third large cargo to come from Iran...

DaveBrascoFX

Crude oil prices are still trading lower on the day, despite a shortfall in US crude oil stocks this Wednesday. Brent crude oil price predictions remain unchanged from the bearish stance after the Energy Information Administration said that US crude oil inventories fell by 3.4 million barrels in the week ended 13 May 2022. This was a steep drop from the surplus...

DaveBrascoFX

18 hours ago,I read:CHINA-Lockdown and I shorted immediately all my positions in crude,brent and WTI.In some I took the losses,other Break even or profits. The fact is :My decision was King.Our Jobs as Traers is to be flexible and adapt as soon as possible to the market circumtances.Sosometimes News catalysts like these help to decide immediately. Although our...

DaveBrascoFX

Crude prices have erased most gains since the start of the Russian invasion of Ukraine. Lockdowns in China weigh on demand expectations. China’s financial hub Shanghai reported a record more than 25,000 new infections during the weekend. POSSIBLE OIL TRADING STRATEGY: IF YOU ARE BIG RISK TAKER ON DAILY CHART :TAKE THE TREND! DONCHIAN 20,25and30 has been...

DaveBrascoFX

The West Texas Intermediate Crude Oil market has rallied a bit on Wednesday to break above the top of the candlestick from Tuesday. If you remember, the Tuesday candlestick was what I referred to as a potential “binary trade”, meaning that if we can break above it, the market could go higher. After all, the neutral candlestick suggests that we are in the midst of...

DaveBrascoFX

Oil Could Rise to $120-150 Range in Next Few Months Oil price forecast April 2022 and beyond: Will prices test $140? Oil prices eased slightly on Friday, robust US data and weekend risk supporting prices, while US SPR releases as well as yet to be determined ones from other IEA members capped gains. A UN-brokered two-month ceasefire between Saudi Arabia and...

DaveBrascoFX

Buyers in the West are shunning Russian oil, sparking fears of a potential supply shortage. Some experts are warning that pulling Russian oil off the market could result in a global economic downturn. "Every recession in the past 50 years has been preceded by an oil price spike, and it is déjà vu all over again.” The more Russian oil supply comes off the market...

DaveBrascoFX

Surging Oil Prices Could Spark A Global Recession Federal Bank of Dallas economists warn that a global economic downturn may be unavoidable if a large of Russian energy exports remain off the market throughout the year. Billionaire investor Carl Icahn also warned that there could be a recession amid the surging inflation So far, the EU found sufficient support...

DaveBrascoFX

BCO WTI SHORT SHORT TERM MIDTERM LONG Sky-high oil prices have left both America’s oil industry and its President pointing fingers at one another. Biden has repeatedly called on the oil industry to increase production, but the industry has been slow to act, and perhaps for good reason. Historically, the oil industry has ramped up production when prices rose...

DaveBrascoFX

Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current and potential future sanctions against Russia, the Energy Information Administration (EIA) said on Wednesday. Brent Crude prices are expected to average $105.22 per barrel this year,...

DaveBrascoFX

Oil Price forecast for March 2022. In the beginning price at 107.02 Dollars. High price 139.13, low 90.50. The average for the month 107.13. The Oil Price forecast at the end of the month 91.88, change for March -14.1%. Brent oil price forecast for April 2022. In the beginning price at 91.88 Dollars. High price 91.88, low 84.91. The average for the month 88.72....

DaveBrascoFX

The Central Bank of Ecuador is planning to issue cryptocurrency-specific regulation later this year. According to statements from Guillermo Avellan, the manager of the Central Bank of Ecuador, this will bring more clarity to the cryptocurrency scene in the country, and will contribute to preventing crimes such as money laundering. Central Bank of Ecuador Has Eyes...

DaveBrascoFX

Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more...

DaveBrascoFX

Morgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low spare production capacity, and low investment, Morgan Stanley...

DaveBrascoFX

Week Ahead The earnings season enters one of its busiest phases in the coming week, with Apple and Microsoft reporting quarterly results, while central banks in the US and Canada will be deciding on monetary policy. Elsewhere, flash PMI surveys for the US, UK, Eurozone, Japan and Australia will be keenly watched, as well as Q4 GDP updates from the US, Germany,...

DaveBrascoFX

The euro changed hands at $1.135 during the third week of January, down from a recent two-month peak of $1.148 and following a jump in yields over the past few days. Concerns over imminent policy tightening in the US resurfaced after several Federal Reserve officials signaled they were prepared to hike interest rates in March to combat inflation. At the same time,...

DaveBrascoFX

A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business. When I get hurt in the market, I get the hell out. It doesn’t...

DaveBrascoFX

The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for a “relief rally.” Here I show you my Reading expectations. Pur always...