Crude: Tip-Toeing to Bursting to Parabolic Movement
I am becoming increasingly confident that what we saw with the drone attacks in Saudi Arabia will be the start of things to come in the Middle East. I don't suspect much will be "advertised" from the main-stream media until its essentially too late and crude would have already surged higher; this is an excellent time to start slowly adding positions.
The price of crude will be exacerbated as the USA is likely to enter QE late 2019 (December) or early 2020 (January, February or March), which will ultimately drive the DXY down and increase the value of crude drastically.
I highly suspect we will see some sort of Middle East war between Iran and Saudi Arabia with possibly the USA getting involved sooner than later. This could escalate rapidly later this year into 2020 which in my view will send crude from a tip-toe movement through the $60s, into a burst-mode through the $70s where panic will start setting in, and an eventual parabolic movement to $100.00 or more pending the geopolitical tensions.
This eventual parabolic move in crude which could peak sometime in Q2-ish of 2020 could set the stage for an eventual global recession in Q3 or Q4 of 2020.
PS: There will be some short opportunities of course, however, my trading philosophy does not focus on shorts. Do so at your own risk.
- zSplit
The price of crude will be exacerbated as the USA is likely to enter QE late 2019 (December) or early 2020 (January, February or March), which will ultimately drive the DXY down and increase the value of crude drastically.
I highly suspect we will see some sort of Middle East war between Iran and Saudi Arabia with possibly the USA getting involved sooner than later. This could escalate rapidly later this year into 2020 which in my view will send crude from a tip-toe movement through the $60s, into a burst-mode through the $70s where panic will start setting in, and an eventual parabolic movement to $100.00 or more pending the geopolitical tensions.
This eventual parabolic move in crude which could peak sometime in Q2-ish of 2020 could set the stage for an eventual global recession in Q3 or Q4 of 2020.
PS: There will be some short opportunities of course, however, my trading philosophy does not focus on shorts. Do so at your own risk.
- zSplit
