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Metal

OIL FUTURES MAY 2020May futures on oil collapsed to the minus. It is oil that at the moment reflects the tragic situation in the world economy. At a glance, all this is just dials on the charts, but now many parts of the puzzle can be put together. At the moment there is no room left for oil storage, all the storages and tankers are overflowing, and the shales can't just stop production, or the pressure in their wells will drop drastically, and they'll just lose the well. But even if the well survives, the companies have to somehow pay their debts on loans, that they got from the Fed's low interest rate. It turns out that the oil sellers now have to pay the buyers to take the oil. It's like paying garbage trucks to pick up your trash, only instead of crack, you give them real oil that killed millions of people, by the way. June contracts are still traded around $21 a barrel, but there's still a month before the contracts are expired, and if the pandemic continues to paralyse the world economy, no one will need that oil either, and maybe oil sellers will have to pay even more buyers to get physical oil. On the face of the imbalance between supply and demand, and the market price as if hints that production should be stopped or something drastically changed... If you remember, the whole situation with the fall in oil began with Coronovirus, namely on January 8th (the price was $65 at that time). The first talks started about the virus, quarantine the whole of China, one of the main oil importers, and a possible transport blockade of the whole world in principle. Naturally, when everything is worth it and there is no need in oil. Then the Saudits did not agree with Russia and decided not to stop the production. The whole world economy started to fall, but if, for example, the Fed can print money and pump the entire stock market through its bank tentacles, then the printing press can't get to the oil rig yet. Oil is still a game bigger than local stock indices. Here the interests of many countries and the powers of the Fed do not apply to them. The only thing you can do is write off the debts and bankruptcies of the American oil shale industry. Which conclusion is that?! In my past positions, a lot of people must have realized that I'm skeptical about this pandemic. Whether it's real or not to the virologists, but the fact is, which field of action Coronovirus opens for economic and financial fraud concerns us all. Perhaps one of the main motives of the Coronovirus Flash mob is the deliberate collapse of all Petrodollar (petrodollar). Who would benefit from this? Russia, China, Iran, maybe the States themselves, maybe the central banks?! Suddenly the central banks decided to make a complete monetary retreat for the Coronovirus and replace dollars with new crypto-dollar or some Fed coins? Didn't you think that Bitcoin was just a trial run of the crypto currency on a blockhead? And as soon as the Fed and the central banks launch the new crypto-money, what happens to "our" crypt and Bitcoin? It's all about getting the cache completely out of our lives. Paper money limits the control of banks, while electronic money will give them full access to your life.
NYMEX:CLK2020Long
by mr_kosovskiy
5
MTLUSDT formed bullish Gartley | A good long opportunityPrevious Harmonic Move: Previously I have posted chart where the price action of Metal token had formed big bullish Cypher on weekly chart. And at that time the price action was moving in the potential reversal zone of this harmonic pattern. And at that time I was expecting soon it will move up from this buying zone. And finally it took powerfull bullish move and produced more than 64% profit. Another harmonic move: Now this time on very short term 2 hour based chart the price action of MTL has formed another bullish harmonic pattern and this time it is bullish Gartley. And this is another awesome opportunity to earn more profit. Buying And Sell Targets: The buying and sell targets according to harmonic Gartley pattern should be: Buy between: $0.2789 to $0.2763 Sell between: $0.2810 to $0.2861 Stop Loss: The potential reversal zone area which is up to $0.2763 can be used as stop loss in case of complete candle sticks closes below this level. This idea is for short term traders not a long term idea, I will be keep posting more trading ideas. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333
2
When Buy MTL?Hello traders, After 200% pump in a few days, MTL is correction from the last uptrend moviment, how far this correction go, was it just a pump and dump? We have yanother level of fibonacci to be tested, which combines with an important support level and it may have bulls in this area, If this fibonacci level and this support does not hold the price up, we will only want to buy in the minimum region, at this important support level. Please push like button, follow us on Tradingview and on Telegram. Best regards, Sandro and Gustavo.
Long
by MarketMinds
Metal Bullish Map (100% Mapped With Fib. Extension)MTLBTC (Metal) is starting to move. On the chart above I am sharing with you our fib. targets, this is where the waves will peak, the magenta dashed and grey dotted lines. The different trendlines (purple lines), will help you determine Metal's path. These lines will also work as support and resistance levels. The indicators here are bullish and the whole chart setup is giving out multiple bullish signals. Our main target for Metal (MTLBTC) is sitting at 0.00006884 with 100% of potential profits. This is a mid-term target. Thanks for reading. Namaste.
Long
by MasterAnanda
5
Metal Gains Momentum, 150%+ Easy TargetMetal (MTLBTC) is now gaining momentum after moving pass 0.00003360 or EMA100. Prices are now challenging MA200 and looking ready for a strong bullish move. Expect to see something similar to what we saw in late September, the only difference is that now prices will move even higher. Enjoy the profits as they come. Remember to set your sell orders on target beforehand... Make sure to have a plan before you trade. This is Alan Masters. Thanks a lot for your continued support. Namaste.
Long
by MasterAnanda
2
LONG - MTL - Trading OpportunityHoping for a bounce of this strong support, this hidden bullish divergence may assist us on our purpose. Entry: 0.0000256 Target 1: 0.00002789 Target 2: 0.00002989 Target 3: 0.00003268 SL: 0.00002449 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).
Long
by ElMomento