Bryan Bottarelli, Co-Founder, Monument Traders Alliance Publisher's Note: The market keeps trying to break down... but it won't actually break. The Nasdaq 100 can't seem to close below $600. That behavior isn't random - and CJ's breaking down exactly what it means this Wednesday at 2 p.m. ET during Monument Traders LIVE. He'll cover why certain stocks are bouncing immediately after one-day selloffs, whether now's the time to buy, and take your questions live. Click here to join Wednesday at 2 p.m. ET Worth your time. - Stephen Prior, Publisher, Monument Traders Alliance
Dear Reader, A big topic of conversation inside The War Room today has been this... "What's the best way to short oil?" And no wonder. Look at the United States Oil Fund (USO) chart – you'll see the parabolic move in oil prices over the last week. Check it out: This is clearly a reaction to the geopolitical news, which makes total sense given the daily chaos. Just today, the headlines remain uncertain, volatile, and alarming. CNBC reports the following... Iraq, Kuwait, and the United Arab Emirates, three big OPEC producers, have cut oil output as they run out of storage space. They are unable to export through the Strait of Hormuz due to Iranian threats against tankers. The U.S. war against Iran has shown few signs of easing. The closure of the Strait has triggered the biggest oil supply disruption in history, according to an analysis by consulting firm Rapidan Energy. Since about 20% of the world's oil consumption flows through the Strait, it's easy to understand why we're seeing such a massive spike. But here's the thing: history shows that maintaining these lofty levels is unsustainable. |
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