James-Fisher
Long

Easy-trade on oil

FX:USOIL   CFDs on Crude Oil (WTI)
I guess I'll don't spend much time on this because it's obvious which side you have to be on oil             - bullishly long! Also, having oil             now is definitely a better choice than Gold             - honestly dude!
The reason is not because of the graph; this is totally fundamentals. Recently, people believe that it's because of the turmoil in the middle east that causes all this rally on the oil             ; I would like to say that that is partially true. The truth is it is just another evidence of basic microeconomic at play. Supply and Demand! The oil             rally right now is primarily due to the supply reduction; everyone is playing on the expectation that the production curb will be pushed all the way to the end of 2018; In fact, I wanted to long crude oil             since it was around 52. xx             or below which I actually did analyze this on my another channel, but I closed the trade a bit to early because the investment thesis then was just to play in a trading range between 50 to 55 since I didn't think it would go anywhere above 55 because I mean why would it! But, it did due to middle east - thanks man! So, even if I have closed my trade on this, I still think that it will continue the move; just so you know, I don't see it goes above 70 though, unless there's a demand growth which I don't see any now - you have to differentiate between movement of commodity due to supply reduction and demand growth; the latter is a better one. Also, I have a theory, Aramco is going IPO next year which if the Saudi Arabia wants to pump the IPO price higher; you know what that means right.

LONG WTI ! Buy On DIP
Comment: Reflecting ... I mean the OPEC talk is so obvious! You know which side you have to be ... ARAMCO must be the biggest IPO so what does that mean for the oil price! Obvious!
Comment: For those who have not long "WTI oil" earlier now is your chance again to trade it at this level and sell it somewhere around $60-$65
Trade closed: target reached: $60-$65 range reached
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