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Opec

WLLZoomed in on WLL we can see that downside risk is very limited and upside potential is epic. The 200 EMA 4 hour is at $4.34 200 EMA D1 is at $8.55 Price gaps from $28-$26 Price Gap from $26-$24 Price Gap from $14.67-$13.56 52 week high $31 Oil storage facilities will at full capacity by June if OPEC doesn't make supply cuts. Descending Triangle top line being tested repeatedly. Break out seem more likely. My bias is that the bankruptcy filing is already priced in along with the crash in the oil market. The price of this stock has been destroyed and as we already know smart money gets out way b4 retail. So the dump from $60-.29c is in my opinion proof that all these events are in fact priced in.
WLong
by Big_Mike716
7
long term brentoilGiven the current turmoil in the oil market and declining Iranian oil exports, as well as the dispute between OPEC Plus, Saudi Arabia and Russia, as well as the Saudi Crown Prince's order to boost oil production to pressure its own oil counterpart, it is expected that the oil will be delivered over time. It has long fluctuated in price ranges and returned to its lowest level in year 2. But given the views and margins in the Middle East as well as the corona virus around the world, oil prices could be high because of conflicts and tensions. In the Middle East, targeting Saudi refineries on its soil and so on Yen attack on Aramco oil installationsThese attacks may be broadened or even lessened This is a theory and may or may not be true, but oil is expected to be as low as 19$ and oil is not too close to 140 $ We are missing the missing element when it comes to making predictions about whether or not we are right. he does Be successful and profitable
TVC:UKOILLong
by mohamadjavad7m
HERE COMES THE MONEY !!!Hello, my people, Long time no see, isn't it? The time for the BIG MONEY has finally come! This is the chance of the decade to become millionaires - by investing in oil now. Oil is the door, patience is the key and money are waiting when you open this door. See what's going on - COVID-19 is making oil prices go down, the lowest level for many years. Additionally, OPEC, the alliance of the biggest oil producers, is "punishing" Russia by making bigger output and further decreasing the prices. But how long do you think this will last? Not much at all! The Corona virus dies at warm temperatures and the SUMMER is already knocking on the door in some countries. Also, OPEC doesn't have interest in maintaining low prices as it loses the most from it. And whats MOST IMPORTANT - the potential profit is over 5 times more than the potential loss. THIS IS FIVE TIMES, MY PEOPLE! FIVE TIMES!!! And it is if the price of oil becomes 0, which is impossible. So my expert analysis is just invest considering the worst case of oil becoming 0 (which will not even happen for sure). Then just wait for the price to go up until you are satisfied with the profit. Please, note that this may take several months or even 1-2-3 years. As I said, patience is the key. *NATGAS goes together with oil so you can do the same there. BITCOIN Cast shows similar patterns as well. Good luck, you young millionaires and soon YOUNG BILLIONAIRES!
FX:USOILLong
by YoungMoneyBillionaires
Oil Opens Down -25%! More downside?So did look at this chart on the weekly. We had an initial downside move after multiple higher lows and higher highs, and we were expecting a lower high swing to be made. This did not happen for many months. The 61.8 fib held, and just on Friday, we confirmed our first lower high swing because remember, to confirm a swing, we need a new lower low (in a downtrend). Now come Sunday open, the move continued more than I expected and we cut through the first fib zone. Next fib target would be around 21... we should not see that anytime soon, but with this market volatility, anything is possible. So I have spoken before on why OPEC production cuts do not work. Say oil is at 50, and a production cut is agreed on to take oil to 60. If the demand for oil has not changed, an OPEC member has the incentive to cheat on the deal, and produce as many barrels as they were before and sell them at 60 for more profit. Once other members find out about this, they all start producing the same as before and then price goes back to where it was and you are back to where you first began before the production cut. What angered the Saudi's was the fact that if demand remained the same, their market share was taken away. It was taken away by Iran who supplied mostly to China and other Asian nations...the fact they accepted any other currency other than the US Dollar was helpful too...and will also increase their market share when we see the US Dollar move higher. Now, we know there are recession fears. Many nations know that oil will be heading lower. Yes, shale did bring a lot of supply to the market. The US became energy independent, and brought on a lot of supply adding to the supply glut. And yes, bringing oil prices down will impact shale production...but more importantly, it will hurt the banks, who were forced to loan to these oil/shale companies the last time oil fell in order to prevent massive layoffs. They will pay for it now. These are zombie companies, needing more debt just to stay afloat (maybe lower rates will help them out). So, going back to the idea that nations know oil prices will fall due to the looming recession. If you are Russia, or Iran and know this, you want to pump as much as you can now, to make as much money as you can. Media is using the shale production story, which sure might be true. However, I think Saudi Arabia doing the Aramco IPO was a telling sign of this eventually occurring.
TVC:USOIL
by Uncharted-FX
The NFP and the OPEC data & few reasons for pessimismFriday promises to be an extremely eventful and interesting day. On the one hand, statistics on the US labor market will not let you get bored in the currency and stock markets, and on the other hand, the results of the OPEC meeting will determine the dynamics in the oil market. We will talk about this and much more in today's review. But let's start traditionally with news about the coronavirus. As the number of cases in the world grows, measures to contain the epidemic are tightened. Italy closes schools and restricts public gatherings. Companies continue to revise their forecasts for financial results. Quite frightening figures were noted by the International Air Transport Association. According to their experts, the industry’s losses from coronavirus may amount to $ 113 billion. And there are already the first victims of this. Chinese Tourism and Financial Conglomerate HNA Group Co. was taken under state control. That is, in fact, the company ceased to exist as an independent entity. Indicative in this case is the fact that one of the main reasons for the fall of the company was its high debt cut (about 85 billion). The evidence is that this is generally very typical of Chinese companies (overblown debts). HNA Group Co. clearly demonstrated how quickly one of the fastest-growing companies can go bankrupt. In general, there are enough reasons for pessimism. Realizing the impasse of monetary incentives, more and more countries are using fiscal instruments (mainly increased government spending) as a measure to combat the effects of coronavirus. Asian countries are so far ready to pour in up to $ 40 billion, and the United States - about $ 8. They are also trying to fight the consequences of coronavirus in OPEC. Today there is an attempt to carry out the following agreement: to withdraw from the market another 1.5 million b/d with a minimum of the end of the second quarter. So far, Russia remains a stumbling block. If she can be persuaded, a very serious reason for price increases will appear in the oil market. So today we will buy oil in the hope that everyone will agree. The deal seems to be quite good, if only because the stops are relatively small (places below 44 or closes on the fact of negative news), but the profits are very ambitious (an increase of up to 57 or even higher for the WTI brand). The key event of the day for other financial markets will be the publication of statistics on the US labor market. Since the data will be for February, there is a risk of failure in the numbers of NFPs in connection with the coronavirus epidemic. However, the dollar has already lost quite a lot in the foreign exchange market, and the data from ADP came out unexpectedly good, so today we will buy the dollar.
TVC:DXYLong
by Trade24Fx
2
LOW RISK OPTIONS TRADE - SWING TRADE - GEOPOLITICAL TRADEAll comments and likes are very appreciated. _________________________________________________________________________________________________________________ Today OPEC+ is going to make a decision to cut OIL production or not to cut. The decision mainly depends on Russia now and thus situation in the Oil market is very binary. Russia, for its part, sees U.S. shale on the ropes, with financial stress deepening for small and medium-sized drillers. U.S. oil production growth has slowed dramatically in recent weeks and months, and if WTI lingers below $50 for a lengthy period of time, output will plateau and may even decline. The best Low-Risk trade with High RRR would be right now to buy Futures Option for WTI. For example, price of WTI at this moment 45.56 - thus you can buy a Naked Call at 50.00 just for 0.28-0.30 USD - very cheaply and thus low risk. If OPEC+ cuts production - we can see Oil rally to 50, in which case you will be able to sell your call for around 1.00 -1.50 USD - thus your RRR will be 1:5. I wouldn't recommend to just go Long on CFD or Futures without a hedge - as the move can be very quick and you can get slippage and a big loss on your position. I and/or others I advise - Bought 50 Call @ 0.28 _________________________________________________________________________________________________________________ All comments and likes are very appreciated. Best Regards, I0_USD_of_Warren_Buffet
OANDA:WTICOUSDLong
by I0_USD_of_Warren_Buffett