#OIL: Huge uptrend potential in oil here
Cập nhật
I think we are ready for the next big rally in oil, this will cause a dramatic effect on inflation and affect earnings negatively going forward long term. I think it could reach as high as over $100 a barrel by mid August here. If so, the impact on the economy would be very large, with a delay of 6 months according to research by my mentor, timwest
With the Iran deal on the horizon, and the recent turn of events in the OPEC meeting, supply is going to be lower than demand and the US might be at risk of losing their energy independence that Trump had achieved during his tenure (also of note is the recent ESG activist shareholder movement, really concerning for the future of investment in increasing supply to meet demand from shale companies in the US).
Consider the return to normal in air travel as a factor here as well, no one is really prepared for a move like this, and most media talking heads are repeating like parrots that inflation will be transitory, as if they were under the govt's payroll. Nasty turn of events indeed, but a good opportunity for those long value and commodities.
Cheers,
Ivan Labrie.
With the Iran deal on the horizon, and the recent turn of events in the OPEC meeting, supply is going to be lower than demand and the US might be at risk of losing their energy independence that Trump had achieved during his tenure (also of note is the recent ESG activist shareholder movement, really concerning for the future of investment in increasing supply to meet demand from shale companies in the US).
Consider the return to normal in air travel as a factor here as well, no one is really prepared for a move like this, and most media talking heads are repeating like parrots that inflation will be transitory, as if they were under the govt's payroll. Nasty turn of events indeed, but a good opportunity for those long value and commodities.
Cheers,
Ivan Labrie.
Giao dịch đang hoạt động
I didn't flag this as active but it is already an active position since I posted it. Constructive action here, can expect further upside over time.
Đóng lệnh: đạt mục tiêu
I forgot to update this, but after the last OPEC induced jump, price target #1 was hit and then oil reversed since. The inflation theme is certainly broken. This is going down.
Giao dịch đang hoạt động
Buy back? Ghi chú
Now 12 week uptrend in place, bullish bias was correct (see previous update)
Ghi chú
+$3.09 sinceGhi chú
Good action, bullish picture is constructive.Ghi chú
Giao dịch được đóng thủ công
Trade closed as of yesterday.
Ghi chú
A chance to rejoin the monthly trend on dips...
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.