In Today's Masters in Trading: Live Wherever volatility goes, we always follow… And this week, oil prices are taking center stage as demand craters around the world. Yesterday, OPEC lowered its demand forecast to 1.9 million barrels per day in 2024 versus 2 million in its previous forecast. That announcement comes on the heels of softening demand in China – technically, the world’s largest crude importer. And all of this is happening against the backdrop of global tensions in the Middle East and Eastern Europe that threaten to blow up into larger-scale conflicts. Of course, all this gloom and doom isn’t the whole story. Even as demand is falling, actual volume hasn’t seen a similar dent. And I believe oil still has room to run higher through the end of the year. So what’s the next move from here? I’m keeping my eyes open for any opportunities to trade crude oil on the dip. Right now I’m seeing some unusual trading volume that’s providing the perfect opportunity to do exactly that... And if you really want to get ahead of the game, you've got to dive deeper. Check out my latest blog post where I break down the crack spread and spark spread — two powerful indicators that can help transform your trading strategies in the energy sector. Join me for Masters in Trading Live at 11 a.m. ET today as I explain the volatility spike we’re seeing in crude oil and provide a new trade we can add today to benefit from oil’s price action. I’ll discuss all these hot topics today: -
Oil Volume Is Exploding -
Capitalizing on the Volatility Spike in Crude -
A Brand New Trade of the Day |
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