Oil, Gasoline, Cotton, Hogs... Commodities!: The Seven Day Scope: Snipers Only-Complimentary Weekly Report
Commodities, Gold, Equities, Bonds, Currencies and more. Welcome to our free weekly report available every Friday.
📈 Jump into the world of market analysis with us. In this episode, we're gearing up for an intense exploration of market dynamics, trends, and the strategies that matter most. Get ready for a laser-focused perspective on the ever-evolving financial landscape. Let's navigate the chaos and find clarity together. Welcome to The Weekly Scope!
Are we in a commodities super cycle?
Commodities are incredibly undervalued compared to equities.
1. Crude oil-Our option trade that we put out last Friday is up over 300% already.
3. Heating Oil
4. Energy sector
5. XLE energy sector-Getting in to a bullish period. However, oil is up over 70% of the time in February and gasoline is up over 80% of the time in February.
6. People are still very bearish crude oil. Source: Kevin Green
7. The ingredients are here for a major move in energy. The trade of the year possibly. At the very least, the set up of the year.
UNCTAD, the United Nations Conference on Trade and Development that assists developing countries in international commerce, has issued a warning about the risks of rising inflation, food security uncertainty, and escalating greenhouse gas emissions.
In response to the Iran-aligned Houthi movement's attacks on vessels, which it claims are in support of Palestinians in Gaza, shipping companies have rerouted their ships away from the Red Sea. The Houthi movement controls most of Yemen's populated areas. In retaliation, the United States and Britain have launched airstrikes against the Houthis.
The agency reported a significant decrease in maritime traffic through the canal since the beginning of December, with a 39% reduction in the number of ships passing through, leading to a 45% decline in freight tonnage.
8. Yes this is still going on. But have you heard this news yet regarding Russia?
Did you know that Russia is ramping up efforts to keep the Arctic Northern Sea Route (NSR) open throughout the year, a vital passage for transporting minerals, oil, and LNG. This push arises as Russia faces sanctions related to energy following its invasion of Ukraine, coupled with escalating shipping risks in the Red Sea. The volume of cargo on the NSR has been increasing significantly, with goals set to hit 100 million tonnes by 2026 and further escalate to 200 million tonnes by 2030. The importance of the NSR is anchored in Russia's Arctic resources, including extensive gas and oil reserves, and its capability to efficiently transport these resources to China.
In its Arctic energy pursuits, Russia seeks to challenge the energy market dominated by the U.S. dollar and continue its strategic relationship with China. The bond between Moscow and Beijing has grown increasingly vital, especially considering the Ukraine conflict. Additionally, Russia's Arctic LNG projects, such as Arctic LNG 2, are crafted to be resilient against sanctions, thereby reducing reliance on Western technologies and enhancing self-reliance. Novatek, a prominent player in this field, has innovated liquefaction processes to optimize energy efficiency under the challenging Arctic conditions.
However, the U.S. is actively contemplating additional sanctions to disrupt Russia's Arctic LNG aspirations, focusing on technology sales and Russian LNG exports. Despite these hurdles, Russia remains steadfast in its commitment to further its Arctic energy endeavors.
Yes we are long energy…
1. Semiconductors/Dow-Dow Theory
2. We continue stay in bullish territory.
3. Is Germany truly heading into a recession? Perhaps, or it could be that the market is signaling a potential turnaround, suggesting that recession indicators may be reaching their nadir. Typically, the market hits its bottom before economic data catches up. This phenomenon isn't due to manipulation or a disregard for fundamentals; it's simply a reflection of how data operates. It invariably lags behind, creating a disparity between market trends and economic indicators.
4. One day or a week does not make a trend.
5. Bitcoin-So close to being stopped out…
Stay informed. Stay resilient. Against all odds.
Warm regards, Jason Perz
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