Comments
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DCSooooo about that crude long. Lol.
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CL😂 how'd this work? Technical analysis on it's own is nearly useless.
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TSWhich indicators does Newton look at? Not a fan of $USO; trade crude futures.
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MPWell, timing on this couldn't have been better. Thanks for the great idea Brian!
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JSWell, that was a great trade idea! :D Thank you.
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PUBrian only gets better!
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SHWhy didn't Mr Newton go into UWT? That's a more, ahem, 'fluid' option to USO, no?
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AMAbout 25% of Iran's crude oil is exported to China. Another 25% is exported to India. The EU gets 20%. Japan and South Korea receive under 20%. Turkey gets the rest. What happens to Brent and by extension WTI should China ignore sanctions on Iran? Will India comply? I read somewhere Macron suggested the EU should grow a pair (referencing sovereignty of European nations). It seems rather naive to assume every nation is going to bend over for America. If it's just a momentum trade with stop losses, then why bother bringing up the geopolitical fundamentals.
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ZYMark is the best with great honesty.