Soooo... Y'all ready for something to pop off in the Persian Gulf this weekend? Something is coming that's gonna send oil higher.
Maybe it's just enough that Cramer is trolling bulls 🤷
Notice how it's reacting to this trend line on the 30m.
Notice the MACD lines and RSI curls on the 3h.
Notice the bullish divergence on the MACD histo 3h.
Mr Market done got everyone to trash their oil longs. Errrrbody moved to one side of the boat.
Have any ships transit the straight? How many out of 130?
Is Israel done bombing?
How's Cushing doing?
SPR?
Saw a few long time bulls capitulate today. (I went longER)
Now we flip. Let er rip.
Oil vs Stocks.
For over a century, major turning points in this ratio have followed remarkably consistent 28-, 31-, and 59-year intervals.
Today, oil remains near its cheapest level relative to equities in modern history.
If this pattern continues, the next decade may look very different from the last.
The era of financial assets may be giving way to the era of real assets.
Full analysis on Substack.
#Oil #Energy #Commodities #Macro
WTI reached its 200dma today. For everyone saying “65 next”, did you all forget this is pin action as Monday is the expiration for oil futures contracts?
Yes the strait of Hormuz is open (for now), but we were 4 weeks away from our reserves running dry, what do you think happens when people realize the reality of current existing physical shortages needing months to build back to stable equilibrium? I still think we see one more spike in oil and gasoline this summer.
On the daily chart, oil has completely bottomed out
Weekly tells the same story with the possibility of $68-$70 coming as it goes slightly below the 50DMA before bouncing off the 200D and shooting higher
I’m not a professional technical trader, but I see $100 well before $50
برميل النفط الي 150$ و الذهب الي 3800$؟
النفط يستمر في تكوين مثلث له اعتقد ان هيرتد من الدعم و يصعد داخل المثلث مرة اخري و هدف هذا المثلث هو 150$
لا اعتقد ان الحرب هتتوقف فعلا و اعتقد ان ترجع و تستمر و يصعد النفط بينما يستمر الذهب في النزيف لهدفنا
#usoil
The biggest objection to my long-term oil thesis is the price target.
Fair enough.
But before dismissing it, look at oil in inflation-adjusted terms.
Today’s prices remain well below the real peaks of both 1980 and 2008.
Most investors focus on nominal prices.
Markets move in real terms.
That’s a critical difference.
#Oil #WTI #Commodities #Macro
🚨 $OIL Update:
I’m still bullish on oil, despite the current news about the settlement of the war
Oil is sitting at support, until it invalidates oil is bullish
🚨The biggest oil supply disruption in history.
Not the biggest price spike🛢️📈
Let that paradox sit for a moment.
Hormuz closed.
10+ million barrels per day offline, SPR at 40 year lows.
By every historical model, Brent should have hit $150-200.
It didn't.
Why?
Trump And China.
From day one of the Iran war, traders made one bet above all others: Donald Trump would not allow this conflict to become a full-blown economic crisis.
So they never priced one in no matter what was happening to physical supplies.
The political ceiling held the price ceiling.
Then China added the floor. The world's biggest importer quietly became its biggest price damper.
2 forces that have nothing to do with barrels in the ground kept the most extreme supply disruption in history from becoming the most extreme price event.
That's either the most sophisticated market pricing ever.
Or the most dangerous assumption ever made.
Because if Trump's ceasefire unravels or China's demand destruction reverses the market has no buffer.
It priced in a political outcome, not an energy one.
Do not miss the full analysis.
Link in the comments 👇
Oil Bulls....I encourage you all to IGNORE the paper markets. Focus on the Fundamentals.
Until I see a sharp reversal most of the following, the paper markets are pricing in a reality that doesn't exist:
SPR draws
Cushing
Diesel Draws
Crack Spreads
Physics ALWAYS wins
My prediction is interest rate cut Wednesday at 230
Thursday false flag
Thursday night ceasefire is over
Friday markets closed, and the deal doesn’t get signed in Switzerland
Wait... THIS is what everyone is bullish about?
THIS is the deal?
First of all, electronically signed...with a cereomony planned for later in the week? Can any of the 3 countries involved actually not bomb someone over the next few days so they can make it to the signing? Let's just say I won't hold my breath.
60 day ceasefire?! So they can negotiate the actual agreement?
This isn't an agreement lol, this is an agreement to meet and talk about making an agreement.
It doesn't mean shit about shit regarding an actual deal being made LOL.
60 days to resolve nuclear related issues? Iran is already saying they aren't giving up nukes lol.
...Frozen Assets....."disputed" is the only word you need to read there.
"The two sides have offered conflicting accounts on key issues"
Part of the deal involves Israel not bombing someone (this alone is reason enough to not believe it'll last, but I digress)
There is exactly 0% chance this "deal" will make it 60 days.
You know what happens in 60 days though?!
Cushing reaches 14M barrels.
Do you know what happened to oil prices after we hit 14M barrels in 2004?
Oil went 5x in 4.5 years. NO BIG DEAL I guess.
🤡
They didn't "make a deal" folks.
They literally signed a document eletronically that they are in agreement to meet later in the week to sign a physical document that they are in agreement to make a deal sometime in the next 60 days on topics they currently agree they are not in agreement on.
Literally. And this makes you bullish stocks and bearish oil?
🚨 WARNING: SOMETHING EXTREMELY BAD IS HAPPENING...
Trump just announced a US-IRAN peace deal signing on Friday.
> Stocks are pumping
> Crypto is pumping
> Gold is pumping
Everyone is relieved, and that’s exactly the problem.
Because history has seen this before.
1973. EXACT SAME SETUP.
October 1973 - Yom Kippur War triggers an oil supply shock.
Oil rallies 300%.
Markets absorb it. Stocks hold up. Nobody panics.
Then March 1974 - the embargo ends.
Relief. Optimism. Sound familiar?
What followed was a 50% collapse in the S&P 500 over the next 6 months.
Not because of the war.
Because the inflation that the energy shock created didn’t disappear when the deal was signed.
The Fed was forced to tighten hard.
And markets priced in the reality they had been ignoring for months.
NOW LOOK AT TODAY.
Stocks near all-time highs.
Inflation already elevated.
Infrastructure damage from this conflict won’t reverse overnight.
Oil supply routes don’t normalize because a document gets signed.
The supply shock already happened.
The inflation is already embedded.
The Fed cannot cut into this.
Markets are celebrating the end of the crisis.
But the crisis doesn’t end with a peace deal.
It ends when inflation comes back down.
And that takes months. Sometimes years.
If 1973 repeats, the next 4-5 months will be an ABSOLUTE BLOODBATH for stocks and crypto.
This sounds SCARY, but I will keep you updated on everything here.
When I rotate money, I will post my moves here so my FOLLOWERS can SAVE their money.
Follow me and turn NOTIFICATIONS ON, as I will share my strategy soon.
Many will regret not following me earlier...