Crude Oil Over $60 – Green Light For Petronel Systems
We have in our portfolio of Petronel Systems several systems for crude oil, we like trading crude oil. As you know, we are not only developers, but we trade all of our petronel Systems for the living.
Wednesday, March 20th. was an important day as crude oil for the first time in 2019 overpassed the strong level of $60. Most of our @CL systems provided profits from $500 to $1,400 on Wednesday.
The move of crude oil preceded API report from Tuesday, March 19th. and the strong EIA report the day after with the crude oil stockpile decrease of almost 10 mil barrels! In a week!
The effects of OPEC+ 2019 production cuts (from 1.1.) are delayed as the tankers are on the water for about 6 weeks. I was writing about my expectation of rising prices in one of my newsletters before.
I was screening one of my accounts, where I am trading Pegas 1 CL system only, in 4 instances. You can see other accounts in the top bar too, with some Pegas 1 systems delivering nice automated profits.
I like the days with opened positions on the right side when profit is increasing steadily, backed with a strong report. Pegas 1 closed profit $515, Plutos CL $515 and Pegas c4 profit $1,430(!), traded 2 contracts in one time.
2017 vs. 2019 situation – similar or the same?
In my last newsletter, I wrote, that the situation in crude oil now reminds me of the situation in 2017. OPEC decided the previous production cuts, effective from 1/1/2017 at the same level as the production cuts effective this year, from 1/1/2019.
And from the start of 2017 is dated the last non-interrupted run-up of crude oil Petronel Systems lasting for 18 months. History is never the same exactly, but it repeats the same pattern with a similar effect usually. So I am prepared to add more CL contracts to my personal portfolio once the upturn will materialize with all CL systems profitable. And this might happen pretty soon.
The situation 2017 and 2019 is pretty the same, I guess the ride has started and it will continue.
