Over the next sixty days the oil market sells off on average 5%. This gives us a tremendous trading edge. We think that sell off started on Wednesday Night, and we plan to trade oil short until Thanksgiving.
The oil market has sold off every fall except one since 2007, and based on the market structure of the oil market looking out one year tells us speculators are now losing money holding oil off of the market. All of the land storage facilities around the world are at max capacity, and oil is being stored on ships. Storing oil on ships is very expensive. The price of oil one year later needs to be $10 higher to allow that trade to work. Right now it is up only $4. This is a recipe for disaster and oil needs to fall to $45-$6 to allow that trade to work again.
In fact, we just read that Nigeria is the first to concede this fact, and have dropped their price a dollar below spot. Others will follow. Also, the U.S. shale producers have just locked in a great deal of their production for next year at $15 over their costs. That means we will be producing flat out for the next six months.
We are recommending some very good trades that will net our subscriber 15-20% over the next two months. Get to know us a little better, watch our nightly videos, sign up for training on how to trade, and what to trade, get our insights into the month ahead, based on empirical data that generates profits, and sign up for our trade signals. Trade genius web page