Small Part from todays Flashnews:
Wednesday oil prices recovered from the lower side. On Thursday mix trend will continue, now oil is close to lower side so don’t play in leverage bear bet. Buy ERX and buy small oil positions on lower sides.
Natural gas came down, still higher side selling is recommended in gas, as it will struggle to close above $3.97.
Oil will form bottom this week, it doesn’t mean that oil is start bullish trend but lower side buyer will have opportunity of making small profit on daily basis so now become short term trader in oil by buying around lower sides.
This is what we stated yesterday: Tuesday oil prices crashed 7%, heating oil and RB Gas traded negative. ERX also crashed, selling at $40.00 recommendations proven best strategy.
Oil also crashed from $73.88, and lower side $43.88 level was predicted, yesterday $48.88 was breached so now $43.88 level is very much possible. Small support at $45.55.
Natural gas gained value, get ready to sell more aggressive positions around $4.17 level so wait for this level.
On Wednesday oil, heating oil and RB Gas still will struggle so trade in and out. Stay away from ERX or energy stocks. Buy ERX around $15.55 level, but don’t buy any aggressive positions. One can buy oil around $43.78 level. Still overall negative trend will continue.
Overall, in the last three years, this what we stated: So far, short-term trading has provided great returns in the last 18 months after my selling recommendation at $97.00 mid-2014. You must remember what we mentioned two weeks ago: In 2001, we recommended buying oil at $16.78 with the target of $100 and higher. In August 2008, we recommended selling at $145 with the target of $32.00. Once again in 2014 we recommended selling oil at $100 with target of $27.71. I couldn’t ask more from nature.