jasperlimsl

jasperlimsl Updated  Jul 12, 2018

I am planning on setting my account up for a long position with WTI targets above 75. I believe the market is getting ready for another bullish move, failing which we will see oil dropping to the psychological level established at 72. This trade is not for day traders or those whose trading account can't take a hit. The fundamentals are still bullish with...

jasperlimsl Updated  Jul 12, 2018

I believe that Gold is positioned for its next cycle upwards into the 1300s. DXY is starting to show weakness due to trade war tensions between China and US. Next comes inflationary pressure due to increase prices of raw materials and Chinese products which may be curbed by the FED increasing interest rates in the coming months. Even then, Gold has been...

jasperlimsl Updated  Jul 9, 2018

With current trade tensions between US and China, and the impending supply disruptions of Venezuela, Iran and Libya, the uncertainty is causing oil to whipsaw. I would recommend a small position short on WTI and long position on Brent because the impact on US oil exports to China will create downward pressure while non US oil exporting nations are less likely to...