Dear Trader, Happy Wednesday! In this issue of the Big Energy Profits newsletter we'll dive into: - How to Properly Stash Away Small Quick Gains for Huge Long-Term Profits
- The Impact of the COVID-19 Vaccine on the Oil Market
- The Real Reason You Feel Like You Can Never Win in the Financial Markets
Please enjoy, and have a blessed week! | | | | Crude News Oil prices skyrocketed early this week after Pfizer announced that its vaccine would be more than 90% effective for the coronavirus. The announcement rippled across financial markets, with the share prices for Zoom crashing, but the stocks for cruise lines, airlines, and automakers, among other sectors, all shooting up. With markets contemplating the possible end of the pandemic sometime next year, optimism returned in a big way. Needless to say, crude oil had its best day in months. The uplift also led to huge gains for the share prices of many oil companies.
However, vaccine optimism will be tempered by the negative short-term outlook, with Covid-19 cases out of control in the U.S. and in Western Europe.
While election drama continues, energy lobbyists are wasting no time switching over from the Trump administration to the Biden administration. Lobbyists from multiple sectors – coal, oil, gas, renewables, trucking – are flipping their scripts from deregulation to something that could work under the Biden administration, such as big stimulus on infrastructure and reduced trade tensions with China.
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| | | | Bad Trade? Here's The Culprit 'I can't believe the shorts manipulated the market again!' 'It was the market makers … they were hunting for my stop.' We hear traders say things like that all the time… Do you find yourself saying things like this after you make a mistake? Do you blame others when a trade goes against you? If so, here's some advice for you: Don't hate the player, hate the game. It was rigged against you from the start. You never really stood a chance. Especially if you don't have a way to see the market makers' moves ahead of time. With that information, you'd never get manipulated or bullied in the markets again… In fact, you'd be able to plan your trades so that you always profit from the moves the market makers make. It's actually pretty simple to do when you have V-Swarm. You'll see the moves that the market markers have planned - way in advance - and still have plenty of time left to plan your trade for maximum profits. Click Here for Advanced Warning to Market Makers' Moves! | | | | Market Analysis
Upside, a settlement today above the mid $43.00 price area would likely indicate the mid $44.00 price area by Friday's close, able to contain buying into later next week, and the point to settle above for yielding the longer term targeted $49.00 price area within several weeks.
Downside, closing today below the mid $40.00 price area indicates a good weekly high has already been placed, and quite possibly a good November high, as the mid $35.00 longer-term support price area then becomes attainable again over the next several weeks. | | | | Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits
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