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USO

Black Gold Judgment Says Huge Challenge Is Just One Step AheadGlobal shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates. The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at one point in premarket trading before retracing some of those gains. Price action was more subdued as investors were reluctant to push any market too aggressively one way or another ahead of the monthly U.S. consumer price index later in the day. The boom has drawn parallels with the meme-stock craze that gripped markets in early 2021, where retail traders, using trading platforms and social media investment advice pumped up the value of stocks that many large investors had bet heavily against. Technical graph for Brent crude oil says, right here is a similar challenge like in 2021.
TVC:UKOIL
by Pandorra
USOUSD Spot Oil Jumps on Geopolitical Escalation LONGSpot Oil on 30-minute chart had a slow rise in the past 24 hours followed by a pause and then a jump on the Israeli retaliation strikes into Iran. Middle East oil shipping in the Red Sea and Persian Gulf are at risk and shipping insurance for ongoing shipments is likely to experience heavy rate increases if shipping does occur. Houthi rebels may resume proxy attacks on the behalf of Iran. New sanctions contemplated against Iran may include increased action on oil exports and the Israelis could target oil infrastructure. Overall, spot oil now has a bullish bias. I see good cause to increase oil based positions at this time. My target for spot oil based on VWAP lines currently on the chart is 87.5 about 4% upside without leveraging. The volume indicator shows increased buying volumes relative to selling. The PVT shows a quick burst of trend momentum while the TTM indictor triggered and has an upgoing histogram.
EIGHTCAP:USOUSDLong
by AwesomeAvani
IMPP- a volatile penny energy stock LONGIMPP stands to gain market cap if the barrel price of oil moves on the global markets under the pressure of geopolitics in the Middle East. While it is a domestic producer and not involved in transoceanic oil tanker transport, the price of oil is a global dynamic in real time. As a small cap, when the oil price moves and IMPP's fixed expenses remain static, margins can increase in a curvilinear fashion. IMPP once traded in the 40 share price range. I believe it is well situated to jump if oil prices escalate in the near term. For another similar penny energy stock albeit not domestic take a look at INDO. Targets are on the chart 15%, 30%, 30%, 25% partial closures at each averaging 10-15% overall
NASDAQ:IMPPLong
by AwesomeAvani
1
Solar stocks follow energy prices (crude oil).Solar stocks follow energy prices (crude oil) and AMEX:USO (oil etf) is about to break out. I read that chinese are outcompeting the west in cheaper solar products. ie NYSE:JKS TNX is at bull market, crude oil and yields correlate (not sure which one cause the other). I look at everything trough probabilities since nothing is ever known. Stocks do bad when economy does good. But energy sector performs well during good economy, whilst everything else is falling (Tech). Peak tech means bottom for energy? I think these are good hedge plays, if you believe rising oil or yields pose risk. Recently Chinese gov asked Jack Ma to return because their financial markets did poorly. There could be a sentiment shift, where indicator will be NYSE:BABA performance. People might still have an old bias?
AMEX:TANLong
by citsvar