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Famine and food shortages. How do we invest? RJA and RJIFamine and Food Shortages are the talk over the last month as Russia invades Ukraine. How are we playing this? Where can people look to hedge inflation and war? Here are two simple methods we take a look at to play commodities and agricultural commodities. RJA and RJI by Jim Rogers we believe will continue to rise due to inflation and war. A little fast recently due to war but we expect more corn, wheat, oil, and safflower oil shortages in the next year or two simply based on this war. These commodities will and some are, being used as weapons at this point. I would ask myself, what's more important? Access to a world financial system that I can work around or food for my citizens? I would go with the latter as those with real "stuff" usually have the upper hand. I am not allowed to advertise other social media on TradingView but I can say there is a longer version and more detail out there. Watch, like, share, comment.
RLong
by DefyingFinance
1
TRADE OF THE WEEK | Finally I Caught This Move 💰 Hey traders, I was waiting for a quite long period of time to catch a bullish movement on oil after a pullback. This week the price finally reached a strong zone of confluence. From that, I was looking for a confirmation to buy. My confirmation was a double bottom formation on 1H time frame. I bought the retest of a neckline breakout. Great winner and nice trade. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
21
☑️BRENT: medium-term long➡️ The head of the International Energy Agency (IEA), Fatih Birol, warned on Friday: "The oil market emergency could worsen." The conflict in Ukraine and subsequent sanctions have reduced supply in the oil market to the detriment of demand, it will take time for the market to rebalance and it will take a period of high prices to attract new supply. Most likely, the medium-term outlook will be in favor of rising prices. However, at the moment, the movement will be directed towards the support level of 98.75$ , which is supposed to be the lower limit of the current trading range for oil. In the future, we can expect growth to 108.65$ and then to 120$ . ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILLong
by TradePlus-Fx
16
OIL, THREE REASONS why did the price fall by 28%!WTI CRUDE OIL. About a week ago, oil almost has reached its all-time highs ( ATH ), but a few days later it fell by 28%. Why could this happen? Let's look at the situation in more detail! FIRSTLY, the White House promised to take oil sanctions off Venezuela in exchange for intensified negotiations between President Maduro and the country's opposition. Although the country positions itself as a friend of Moscow but the situation inside the country can make its own adjustments. To recall, the country is in deep crisis and its national currency has been devalued by 97%, but it has the largest crude oil reserves in the world! Would you miss such an opportunity? SECONDLY, despite Iranian air attacks on bases in Iraq, the Nuclear deal is expected to be signed next week. This would allow the U.S. to ease sanctions on Iran and allow the country to sell more Iranian oil . But of course we need to watch the official statements of the governments. THIRD reason, the British prime minister may visit Saudi Arabia next week to ask the country's leadership to increase the country's oil production. So far this is just a rumor, but could it come out of nowhere? These three reasons could have triggered the OIL price to fall! What do you think of the oil market? Share your thoughts in the comments! Friends, push the like button and share with your mates - that would be the best THANK YOU!
TVC:USOIL
by Yuriy_Bishko
12
What will it take for OPEC+ to increase its oil output?The worsening oil supply shortage in the wake of the Russian invasion of Ukraine has sent pump prices to record highs in recent weeks, sparking fears of a catastrophic global oil crisis and soaring inflation. Despite these concerns, the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations, a global oil cartel known as OPEC+, are still holding back on boosting production, downplaying the impact of the conflict on global oil supply and demand and stressing that the current market volatility is triggered only by geopolitical developments. Why are oil prices high? Economic sanctions imposed against Russia have caused oil importers overseas to turn down Russian oil as "no one wants to be seen buying Russian products and funding a war against the Ukrainian people,” a New York Harbor trader was quoted by Reuters as saying earlier this month. Even when not many countries use Russian oil, pump prices have surged in recent weeks as the absence of millions of barrels of Russian oil from the global supply chain prompted importers of Russian crude like Europe to seek the commodity elsewhere such as from OPEC countries like Saudi Arabia. These leaves other traders scrambling to secure supply. How OPEC plays into the issue OPEC members — including Saudi Arabia, the United Arab Emirates and Venezuela — account for about 40% of the world’s crude oil production and 60% of petroleum traded globally, according to the US Energy Information Administration. In 2020, as demand for oil plummeted when most countries were under lockdown, OPEC+ agreed to a deal with former US President Donald Trump to slash nearly 10 million barrels of oil per day, or close to 10% of the global oil output. The world’s top exporters eventually started beefing up production by 400,000 barrels a day since August 2021 as economies reopened. Most recently, with the Russia-Ukraine war threatening a global oil supply crunch, the focus has again turned to OPEC+ to ramp up output. However, the group in its recent meeting on March 2 — about a week since Russia started invading Ukraine — reaffirmed its commitment to only increase its crude oil output by 400,000 bpd. “It was noted that current oil market fundamentals and the consensus on its outlook pointed to a well-balanced market, and that current volatility is not caused by changes in market fundamentals but by current geopolitical developments,” OPEC+ said in a statement. UAE pushes for increased output Yousuf Al Otaiba, the UAE's ambassador to Washington, last week said the country “favor production increases and will be encouraging OPEC to consider higher production levels.” The statement caused oil prices to fall at most in two years on Thursday, with Brent crude futures falling 13.2% at $111.14 a barrel, the biggest one-day drop since April 21, 2020. Prices have continued to fall on Monday, with Brent prices falling to $107.59 a barrel for May contracts and WTI crude slipping to $103.42 for April contracts. Oil prices have also retreated on expectations that some producers may accelerate production. Will OPEC+ boost output? In late January, prior to the Ukraine conflict, the EIA had predicted a nearly 2.7 million bpd increase in OPEC’s oil output this year, the largest year-over-year jump in production since 2004. Energy research firm Rystad Energy most recently estimated that Saudi Arabia, the UAE, Iraq and Kuwait can bring about 4 million bpd of spare capacity into the market within three to six months, potentially easing the crisis. However, that amount still falls short of Russia’s 7 million bpd in oil exports, according to Reuters. In an interview with Bloomberg News last week, OPEC’s outgoing general secretary Mohammad Barkindo said there is "no physical shortage of oil” amid the Ukraine crisis, adding that the physical market supplies are guaranteed. Barkindo’s statement underscores the OPEC+’s likelihood of only beefing up production once signs of a supply crunch become more imminent. One factor that could prompt the cartel to yield to calls to accelerate output is the potential for a demand destruction. Oil demand may soon peak and decline when retail fuel prices become relatively expensive and as the prices of other consumer goods skyrocket. The transition to renewable energy sources and the shift to new-energy vehicles may also cause oil demand to weaken, especially as Western countries and other economic giants like China accelerate their climate action targets. The potential end to the Russia-Ukraine dispute could likewise stabilize oil prices and encourage OPEC+ to boost output as global supply chains and activities resume, although the likelihood of this happening in the near term is relatively slim as Western countries have refused to directly intervene over fears of wide-ranging “consequences” from Vladimir Putin.
BLACKBULL:WTI
by BlackBull_Markets
2
OIL TRADE - READY TO BUY AT $110 PULL BACK!OIL TRADE-> I am counting a nice 5 waves up, the wave 4 pulled back to 38%, the A wave did the 61% of wave 5 so far.. looking for a 1 to 1 projection of the C wave which matches a 50% retracement of the entire structure.... Therefore, TP to enter long is $110! The NEXT wave 3 is going to be absolute firework parabolic MAYHEM o.0 I'm PROJECTING 185 to 200, EASY!!!! 70% to 80% reward in quick time sounds like a no-brainer in comparison to risk/reward to me. (Unfortunately, your stop loss would need to be around $98..) DYOR, GOOD LUCK!
OANDA:WTICOUSDLong
by davy101