Trading Alerts Service FREE for 3 Weeks & Trading Levels 1.28.2020

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The deadly Coronavirus has now spread to more than 25 countries.Here's my take on how it will impact world oil prices.
From our friend, David Register of ExitPoints.com
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On Friday Fox Business news reported,
"Oilpricesslid Friday morning as the widening Wuhancoronavirusoutbreak threatened to curb global demand.
But what do the technical indicators say?The chart below shows that the March Crude Oil contract has been on a decline for several weeks.
As part of my analysis, I use the 5-day and 21-day commodity channel index indicators. Currently they are showing that crude oil is oversold and is likely near a short term swing low. Early this week, we may see set up of possible long for a few trading days ( feel free to consult a broker regarding weekly options!).
Trading commodity futures and options involves a substantial risk of loss.
The recommendations contained in this letter are of opinion only and do not guarantee any profits.
Past performances are not necessarily indicative of future results.
Chart courtesy of Bar Chart
Futures Trading Levels

1-28-2019



Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.