Bank fast gains of 389%, 52%, 32.89%, 37% and 135%... Whether the market goes – DOWN or UP!
Join a select group of private South African investors who make regular and substantial profits from this exciting method of trading the global financial markets. Whether the market continues to grow in the months ahead… or if it starts to fall again, you will still be able to make great returns.
Since the beginning of September 2019, Trader X and his followers have taken advantage of the global markets to bank gains of 389% from USD/ZAR... 52% from Brent Crude and 135% from the South African rand!
Major travel restrictions = LESS FUEL
Early this year, the US State department recommended no travel to China due to drastic measures to contain the Coronavirus.
Since then the list of airlines halting travel to China has been on the increase including:
• Virgin Atlantic
• Air France
• British Airways
• Lion Air and even
• Seoul Air.
There has also been a reduction in flight schedules to China from American, Delta, United, Finnair, Cathay Pacific, and Jetstar Asia.
The air travel stoppages weren't the only restrictions, which lead to a drop in fuel usage.
The Philippines halted visas on arrival to Chinese nationals, Singapore and Russia closed its borders to Chinese guests while Hong Kong stopped trains from China.
These few travel restrictions I mentioned, are showing a major drop in demand for fuel.
In fact, China, which imports more oil than any other nation, is already cutting its refinery production this month by 600,000 bpd because of the reduced demand.
This means, just with the travel restrictions alone, China's oil demand can drop as much as 20%, (or 3 million barrels per day)
The world oil giants are also cutting millions of barrels of oil per day as demand drops
BP's CFO Brian Gilvary told Reuters last week that, the economic slowdown brought on by the virus will reduce oil consumption for the entire year by 300,000 to 500,000 bpd. That is roughly 0.5% of global demand.
And when demand for a product drops, the price falls with it.
Worst yet, I’m seeing two extremely negative (bearish) patterns forming on the Brent Crude oil chart…
Why this triangle and three black crows could take oil down 22%
Looking at the daily chart of Brent Crude oil, we can see since the beginning of 2019, it's been forming what’s known as a descending triangle (shaded grey).
Basically, this is a chart formation where the price moves in a triangular pattern which forms lower highs while bouncing on the same low price.
In this case, the price has moved from a high of $84 per barrel, down to a low of $54.49.
The fact that the price has failed to form a higher high price for the third time, tells me that the sellers are winning the battle which will bring the price further down.
Not only that, in the past three days, another bearish (downward) price pattern has formed.
It’s known as the 3-Black-Crows.
Wikipedia explains it best:
“3-Black-Crows best unfolds across three trading sessions, and consists of three long candlesticks that trend downward like a staircase. Each candle should open below the previous day's open The pattern indicates a strong price reversal from a bull market to a bear market.”
Looking at the above chart, you can see the 3-Black-Crows, which signals that the bears (sellers) are in control and ready to send the Brent Crude price lower.
Let’s enlarge that part of the chart so you can see better…
Once this price breaks below, $54.49 the first target we can expect oil to hit is at its previous strong floor level, which stood in 2016, at $42.48.
This is a 22% plunge, which we can profit from…
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But hurry and do it now… this offer is only valid until 29 February 2019.
Here are three ways to profit from the Brent Crude oil crash
First, you can sell (go short) the Brent Crude CFDs and hold until it hits the price target.
, you can wait for my SMS with Red Hot Storm Trader
where we can look to short resource stocks that fall when Brent Crude drops in price such as, Sasol, BHP Billiton and Anglo American.
, you can get on board and profit from offshore commodities and stocks with Pickpocket Trader
Analyst, Red Hot Storm Trader
A small group of savvy South African traders are pocketing fast gains like 389%, 135% and even 52% in the global financial markets. You can find out how here…