USOIL This week, we completed multiple transactions and made significant profits. Our strategy for next week remains to focus on going long. We entered the long position at 72.8-73.2 on Friday. For those still holding, we can look at 74.5-75. We will make more profits next week!
USOIL Iran´s Foreign minister is traveling to Msocow to meet with Putin tomorrow after bombings writes AP. Expecting this to push both Oil & DXY higher
USOIL The 2nd Warfront: - Siberia now supports Ukraine because they don't like how the Russians have treated them over the years. - Finland that just joined NATO are actively supplying arms to Ukraine. - Putin is getting "squeezed" from different sides: NATO alliance are more empowered with Siberia and Finland added to the mix. - And, Russia's ally China is weakened by an economic collapse and a possible coup by the CCP to remove Xi Xinping this Summer.
*Side Note: This is not well known, but there is an Eastern version of NATO. It's called SCO (Shanghai Cooperation Organization) that are the enemies of NATO. Their main members are Iran, Russia, China, Pakistan and India.
USOIL Iran would try their best to not attack any US bases even after this B2 attack from US and keep US out of the equation for as long as possible.
And they might come to agreement with US in the nuclear deal, but still go on to attack Israel and try to cause more trouble for them. This will help the leadership to show a victory as such and keep going.
US could get happy with this and stop assisting Israel from then. But Israel would never back down until a coupe or change in rule in Iran or it will always be a threat to the existence of Israel. So lets see how things move from here.
One another aspect considering oil, is the blockage of the straight of Hormuz. But more opposition from the middle east is the worst thing that could happen to Iran, so they would keep themselves out of it until really really necessary.
USOIL This week, we completed multiple transactions and made significant profits. Our strategy for next week remains to focus on going long. We entered the long position at 72.8-73.2 on Friday. For those still holding, we can look at 74.5-75. We will make more profits next week!
