Make Money Fast - Trade For The Weekend With Fantastic Profit Potential!
If you read our other articles on this site, you will see we are bullish of crude oil and unleaded gas on pullbacks.
Here is a trade that could return 100% or more, see if you agree with our view, it looks an outstanding opportunity.
Crude and unleaded gas have fallen over the last few days, but this will change between Friday and Monday.
Why? Simply, weak speculators are being washed out - There is no change in the fundamentals in a few days, this is just profit taking.
There are however problems looming ahead to underpin prices and send these contracts higher.
We are looking at an outstanding entry point in risk - reward terms, to place trades.
Why? We are right at support at the bottom of the Bollinger band and stochastics are severely oversold.
Technically you can enter at an area of strong support.
Fundamentally, as we have said nothing has changed - They are the same as they were a few days ago and we have profit taking.
So why do we think prices will rise? The major driving force behind this market is the prospect of confrontation between America and Iran.
The UN will vote but will the Chinese and Russians abstain? Probably, and what has the US made clear? They will go it alone.
This set up the potential for a huge spike in prices.
This geo political uncertainty will see gas and crude stabilize and move higher over the next week.
Also keep in mind: Traders will buy into the weekend, so look to be long with options.
Buy at the money or close to the money, NOT out the money options and get plenty of time value.
How far do we think crude and unleaded can go to the upside? We don't know, but we would say, that the highs are a realistic target.
Many brokers are talking about $100.
00 a barrel.
If it got there great, but the highs can yield huge profits anyway, so we would be very happy with that! Look at the potential for yourself and se what you think, check our recent articles and see our in depth comnts on all ergy markets.
Here is a trade that could return 100% or more, see if you agree with our view, it looks an outstanding opportunity.
Crude and unleaded gas have fallen over the last few days, but this will change between Friday and Monday.
Why? Simply, weak speculators are being washed out - There is no change in the fundamentals in a few days, this is just profit taking.
There are however problems looming ahead to underpin prices and send these contracts higher.
We are looking at an outstanding entry point in risk - reward terms, to place trades.
Why? We are right at support at the bottom of the Bollinger band and stochastics are severely oversold.
Technically you can enter at an area of strong support.
Fundamentally, as we have said nothing has changed - They are the same as they were a few days ago and we have profit taking.
So why do we think prices will rise? The major driving force behind this market is the prospect of confrontation between America and Iran.
The UN will vote but will the Chinese and Russians abstain? Probably, and what has the US made clear? They will go it alone.
This set up the potential for a huge spike in prices.
This geo political uncertainty will see gas and crude stabilize and move higher over the next week.
Also keep in mind: Traders will buy into the weekend, so look to be long with options.
Buy at the money or close to the money, NOT out the money options and get plenty of time value.
How far do we think crude and unleaded can go to the upside? We don't know, but we would say, that the highs are a realistic target.
Many brokers are talking about $100.
00 a barrel.
If it got there great, but the highs can yield huge profits anyway, so we would be very happy with that! Look at the potential for yourself and se what you think, check our recent articles and see our in depth comnts on all ergy markets.