Have a great day
Have a great day all
Have a great day all!
... to finish after I was rudely cut off, options returns are a bell curve based on duration, you never want to hold them until expiry unless you are planning on taking delivery! (*Note to tradingview - performance should increase for paid subscriptions)
Section 232 Uranium tariffs this month is likely to be a driver on the natural gas price ultimately pushing Chesapeake higher!
API data released at 4.30pm EST on Tuesday show a "surprise" build, however, with expected weakness in hard data there should be no surprises. EIA data will either confirm or deny API's release.
Crude has reached and surpassed our expected target of $61.60 for a reversal. Look for weakness into the close of day today.
We can see slight higher highs from here, however, I expect to see a reversal somewhere between the current price and $61.60
With section 232 Uranium tariffs around the corner, natural gas is lining up perfectly for an event-driven opportunity to get long!
Commodities are typically the last asset to peak during a cycle. We typically interest rates peak first, a couple of months later that followed by equities and a couple of months after equities we see commodities peak. Commodities such as crude oil, are part of the contraction phase in the cycle, the higher the price rises it begins to acts as a tax on consumers...
Chesapeake is likely to see some real buying into April if section 232 tariffs on Uranium are passed (high probability)
65% of crude oil demand is derived from gasoline, with economic conditions weakening we are now switching from supply side issues to potentially demand-side issues. Watch for lower levels of demand for Crude over the coming weeks.
Would love to hear your perspective in the comments sections below! Have a wonderful day!
Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher. This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you...
Markets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent...
Demand is trending at a steady 1.5% YoY, the decline was entirely driven by supply-side shocks. The OPEC rhetoric to cut production is favorable for price big picture but the chart is suggesting lower first into an ideal target of $48.
This video discussed the large bullish weekly pinbar setup that has formed in light crude. I discussed the current market structure, trading tips and trade ideas. Notes from the video are posted below. **Current Market Structure** -Long term bullish trend -Price has stayed within bullish channel -Large bullish weekly candle from pullback off of key...