Kazonomics
Long

Crude Oil 20 Yr Crash Cycle Low Targets

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
4749 22 30
Crude oil             is rapidly approaching two major levels of interest. There is blood in the streets now and this is the time we look for opportunity. This is a risky play and will need expert risk management.

Two levels to watch. 1st is the key level at 48.13 which should stall price and allow it to consolidate some on this last leg of the drop before having the ability to drop further.

Next is 37.96 which should be the ultimate low if it can break through 48.13 we should slam into 40 & pierce it just crush all stops & margin call out any knife catchers and long bag holders and hit 37.96. Should this happen I would see that as a potential longer term bottom and end to this blood shed in crude.
OPEC to continue selling on strength


Indeed, great analysis.
+1 Reply
wacked
2 years ago
Kaz, what stocks, ETFs, etc would you be looking to go long on should under $38 hit?
Reply
Kazonomics PRO wacked
2 years ago
One of the key players I am watching when this happens will be $XOM. As they are the the most cash flush oil player out there. When we reach that level many of the weaker players like SDRL $RIG $NBR and various other companies in the $OSX will be ripe for acquisition as they will be insolvent and unable to obtain credit with the devaluation of their oil property. Cut off from money this should resemble the end of the housing crisis in 2008-09 where many of the weaker banks were gobbled up by the JP Morgans and Goldmans.
+4 Reply
WallStScalper PRO wacked
2 years ago
If you would like to play directly on crude price with leverage you could choose the Uwti 3 times bull ETF
+2 Reply
Kazonomics PRO WallStScalper
2 years ago
I trade it directly in the $CL and $QM those are close to 1000x
Reply
PaulA wacked
2 years ago
I like COP (Conoco).
+2 Reply
AMBRISH
2 years ago
THANKS FOR CLEAR GUIDANCE FOR CRUDE TRADE,

AMBRISH
+1 Reply
zhipengcfel
2 years ago
It is a great analysis. But I just wonder how to draw the gan fans. Your two 1/1 angle Gan fans are not perpendicular.
+1 Reply
Kazonomics PRO zhipengcfel
2 years ago
No they are not perpendicular and there is no rule that says that they must be. I use Gann in my own way most do not I call this Prism Analysis. Experiment with Gann you will see some amazing things in your charts;)
+1 Reply
zhipengcfel Kazonomics
2 years ago
The angle will change with the time period you are using. It is usually too flexible to draw Gann fans. Is there any rule for this? For example are the 1/1 line should definitely 45 degree on the chart?
Reply
zhipengcfel Kazonomics
2 years ago