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Oillong

OIL up movement but no plan yetThe oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump. I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections. What is important to mention here, we shouldn't forget that this virus based "switch-off and further expected switch-on" of the world economy can, and highly likely will cause market shares reshaping and higher oil demand. So in the long perspective, I would expect oil prices much higher than they used to be in Q1 2020, but before this, we could observe many speculations from oil-producing countries in an aim to protect the status quo.
OANDA:BCOUSDLong
by EmilShakaryan
OIL Coming To Price $42.65| Prophecy Prediction 25th March 2020" Price chart is the summary of human reaction and action. You can know the person behaviors even you just met 5 minutes ago.." -Zezu Zaza Seminar Next Level Trading @Sheraton Hotel November 11th,2020. After stimulus package on March 23th,2020, my prediction price of oil will go up again up to $42.65 before another 'event' happen after reaching this price. They are planning. We also planning. The agenda is to collapse all the major economy world is just on the way. While all other investors had been camouflage with the pandemic, the 1% is planning another agenda. As we can see the 2020 year is not a very good year to celebrate actually as we think it is a millenium. The 2020 is the catastrophicand disaster year which is the year of the whistle blower to 'reset' the world economy. 2020 is the starting point towards all the 50 years agenda planned, will be in realization. After the stimulus package announced plans to buy $250 billion in mortgage backed securities and $375 billion in treasuries this week,relaunch their term asset backed securities loan facility to support corporate debt markets. Printing money and booming the economy is not good to injecting with the steroid while to cover the bleeding on the coronavirus. We are trying to cover the man made disaster in a larger scale and things will not sufficient. We are believing the coronavirus is a conspiracy planned agenda to depopulation upon 100 years starting beginning on 1820,1920 and 2020. Injecting helicopter money and the case of pandemic roared. It is like digging its own grave. Digging another hole to cover the hole. We can't run from reality. One day it will hit bad. While a $2 trillion coronavirus economic stimulus package remained stalled in the U.S. Senate on Monday as lawmakers haggled over its provisions, U.S. Treasury Secretary Steven Mnuchin voiced confidence that a deal would be reached soon. The expected stimulus pushed the U.S. dollar lower as it will increase the cash supply. The dollar index, which measures the greenback against six major currencies, fell 0.5% on Tuesday. A weaker greenback boosts dollar-denominated oil prices since buyers paying in other currencies will pay less for their crude. Still, the overall crude demand outlook remains low as long as travel restrictions are in place and governments curtail commercial activities to prevent the coronavirus spread. This is weekly chart. Buying now and hold. Small lots is sufficient if you not confident. Prediction to $42.65 in 2-3 weeks.
OLong
by Zezu_Zaza
1
Huge opportunity in OilCorona Virus has really taken a toll on the world wide economy. I believe that we will get past the virus and thrive as humans and continue to push forward. The price of oil has touched the bottom of the multiyear descending wedge. The break out of this wedge would indicate a trend change and given the trend has been down, this could mean that high oil price will be coming soon, and with that comes inflation. This wedge won't break out until 2023 minimum so if you are expecting rapid inflation over the next coming years, that may not happen unless something absolutely catastrophic happens. Higher oil costs mean higher transportation costs, energy costs, and economic production costs. Almost everything important needs oil to run and when oil rises, so does every other good. I would think that the United States is headed for higher inflation over the coming decade than lower inflation. Although this is a deflationary environment, the United States monetary policy is built off of preventing deflation in its economy to stay functioning. Eventually the printer press will be too much for humans to handle and they'll eventually get more inflation than asked for. Once you pull that genie out the bottle, it's very hard to put back in. I believe that this is one of the best long term investments you can make.
TVC:USOILLong
by nostranomist
LONG CRUDE OIL WTIThe drop in oil prices is caused by excess supply and shrinking demand (due to covid19 causing demand for oil to drop since industry like transportation don’t need that much anymore). Russia refused to cut production, in a bid to drown America's high-cost shale producers in a sea of cheap crude. Saudi Arabia responded by slashing prices and ramping up production and this is exactly the opposite of what was needed to balance the market. Major oil companies including Chevron (CVX) and ExxonMobil (XOM) have been said to have announced cost cutting measures. Another company, Occidental Petroleum (OXY) slashed its dividend by 86%.
NYMEX:CL1!Long
by Trader_hao
1