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Hey Trader,

I want to personally thank everyone who attended the training with me on Wednesday.

That was my very first live training and I'm truly humbled by the experience and all of the positive feedback.

The time I spend with you all on a weekly basis is your time...

Your time that you have direct and uninterrupted access to me.

Please let me know what topics would excite you and add the most value to your trading, so I can build next week's session around all of your needs.

And if you've been waiting to upgrade your indicator package and/or add zones to your toolbox - NOW is the time to $AVE 25% OFF everything we offer here at Hawkeye Traders.

This offer will expire tonight at midnight.

Be sure to take advantage before it disappears.

Click Here To Claim 25% Off Every Hawkeye Package, Indicator and Module!

Have a blessed and profitable Friday!

To Big Profits and Beyond,

Anthony Speciale Jr.

Editor & Chief Investment Strategist,

Big Energy Profits

Hawkeye Traders
team1@hawkeyetraders.com
hawkeyetraders.com

P.S. The Wednesday training sessions are exclusively for Hawkeye members… so if you'd like to attend next week's session, head on over to our store to take 25% off everything we offer until midnight tonight… AND get access to all our Wednesday Members-Only Mastermind sessions!

Crude News

Oil prices tumbled to their lowest level since May this week amid growing demand concerns as Covid-19 continues to spread.

This week's oil price move is a clear sign that the market now seriously worries about the future of oil demand. The streak of losses is driven by a stalling crude demand outlook for the rest of the year, with rising cases of Covid-19 and the end of the summer driving season in the U.S., as well as Asian refineries putting on the breaks.

Since WTI plunged into negative territory in April for the first time on record, oil prices have staged a big comeback. WTI jumped nearly 90% in May, and has posted monthly gains ever since. The gains were, of course, on the back of record lows, but prices moved higher as international producers scaled back production in an effort to counteract the demand drop-off caused by the pandemic.

But in recent sessions prices have begun to trend lower. WTI continued falling during Monday's session after registering a 7.45% loss in the prior week, snapping a four-week win streak and posting its worst weekly decline since June.

Tuesday's move lower followed Saudi Aramco cutting its official selling prices for October, which triggered new demand concerns.

In a recent note to clients, Bank of America said that it will take three years for demand to recover from Covid-19, assuming there's a vaccine or cure. The firm believes peak oil will come as soon as 2030 due in part to electric car proliferation.

Rising U.S.-China trade tensions, as well as production coming back online also pressured prices on Tuesday, as did a stronger U.S. Dollar.

"The market has its eye on the big picture: where and when we see demand normalize globally and what happens with both US production and OPEC+ agreement over the medium term.

How to Master Market Cycle Psychology:

The Euphoria Phase

Just as things start to get really good, they eventually reach a climax.

And all good things must come to an end. So even if you'll see your best returns in this market cycle... That also puts you at the point of maximum risk.

Where's The Point of Maximum Risk?

This is where you have to keep your eyes peeled but you won't have to look too deeply because nobody can escape euphoria in the market cycle.

It brings about a certain hysteria that's just in your face.

You will hear it from your fellow traders, the news, and even people you know who don't care about financial assets.

This is when people literally jump on the figurative bandwagon.

But the bandwagon can only hold so many investors trying to catch the same ride. It eventually breaks down.

So look for signs of greed and stupidity among your fellow traders.

Lookout for the traders that make reckless decisions trying to get in on a certain security because it's going up...

"I maxed out my credit card to buy bitcoin!"

"I took out my mortgage to get in on this!"

If you see anyone do this, you might want to get off the ride before it gets unsafe.

Stick to Your Trading Plan and Strategies

Remember that bulls make money, bears make money but pigs get slaughtered. You should never let yourself be swayed by the hype or greed that comes with euphoria.

It's important that you stick to the parameters you've set for your trade no matter the emotional cycle it's in.

If you entered at a certain position size. Stick with it.

If you were looking for certain indicators, follow them.

If you hit a calculated range or threshold of a desired return, exit.

If you find yourself thinking:

  • I'm going to be rich
  • I should take that vacation
  • I'm a freaking genius

Then just try and bring yourself right down to earth. It's fine to feel euphoria but that doesn't mean you should lose your head. You've enjoyed your ride to the very top but now it's time to plan your safe exit.

This Is Your Last Chance To Get 25% Off Everything We Offer

That's 25% off our proprietary flagship software that makes spotting profitable trades easier than ever…

25% off all our upgrades that allow you to hone in on specific trades and never miss a money-making deal…

25% off all our training that will take from trading like a rookie to seasoned vet in no time flat…

What are you waiting for?

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Monthly Analysis

The mid $38.00 - 39.08 price area can contain buying pressures into October trade, below which the $31.00 price area remains a 2-3 week target which is likely and able to contain selling through October.

A daily settlement below the $31.00 price area indicates the $23.00 price area over the following 3-5 weeks, where the broader market can bottom out through the balance of this year.

Upside, a daily settlement above the $39.00 price area indicates a good September low, the mid $43.00 price area then considered a 1-2 week target, long-term resistance at the mid $47.00 - $50.00 price area is then attainable within 3- 5 weeks, where the broader market can top out well into next year

Yearly Cycle Analysis

  • The 10 year cycle makes a major high on September 13th and sells off into September 22nd then continues up.
  • The 20 year cycle rallies sharply into September 19th then sells off into September 29th.
  • The 30 year cycle rallies sharply into September 27th.
  • Key turning point dates derived from PFO Histograms:
  • 3rd of September
  • 10th of September
  • 15th of September
  • 22nd to 24th of September

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