Crude Oil Plunges Again, Look For A Rebound Opportunity My Lions. By Gregory Mannarino by marketreport

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· @marketreport ·
$75.96
Crude Oil Plunges Again, Look For A Rebound Opportunity My Lions. By Gregory Mannarino
![me smiling.png](https://steemitimages.com/DQmZsAFv4xh6Joxi5eAiJBGuw5s8dTeAq291uqz951WMRXM/me%20smiling.png)

After yesterdays promise from Fed. President William Dudley, making it clear that The Fed. is determined to hit their inflation targets-which caused stocks to hit new record highs, today stocks are struggling for direction on plunging crude.

It seems that stocks want to move higher especially after fed speak yesterday however, crude needs to move higher (and it will).

As I have outlined many times, the markets are virtually dependent on the price of crude being high. Not just the energy sector, but the financial sector as well as the banks have huge investments in crude, and they will not allow crude to fall beyond a point where they will get hurt. (Everything is fake).

What this means, and I have outlined this "phenomenon" recently, is we can all expect some event to occur which will push crude higher, and stocks will follow. 
When will this happen? 
Not so soon that it will appear suspicious, but it will happen, and that my friends, my Lions, means opportunity.

Right now the 10yr yield is stabilizing as is the dollar, and with the Fed. promising to inflate, and inflate more in order to hit their targets, stocks should move higher. 

What we can expect, sometime soon again, is a rebound in crude. 
Watch for it... then POUNCE.

As always, I will post new positions to my website TradersChoice.net so when the time comes we can all profit, (I have several positions posted there now).
Click here: https://www.traderschoice.net/money-page--stock-picks.html

Gregory Mannarino
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vote details (294)
@gardengirlcanada ·
$1.17
Greg can you offer your intellectual opinion on Crypto and where it is going please? Love your stuff, and watch you on Youtube all the time, and still do, I like the Saturday morning T shirt look better. LOL
👍  
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@marketreport ·
$0.04
Higher, IMO, much higher.
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@gardengirlcanada ·
$1.15
Thank you, I am heavy in Litecoin was considering dumping some to Bitcoin. I also have Ether.
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@antgag ·
$1.19
I've donwloaded your whole Lulu library. Will go through it this morning  as a refresh and to be better prepared for the next straddles..!! Keep it up ^-^
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@spacecash ·
Is there a link to it for everyone here to go direct so we can read Gregory's work?
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@olmech ·
$1.19
Upvoted, resteemed.
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@kersmash ·
$1.20
love you GMAN :)
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@freeforever ·
$1.16
Noticed that US Crude almost hit 43, this could be interesting. Perhaps a war in Iran to get it back up?
👍  ,
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@spacecash ·
War with Iran 🇮🇷 is a dumb idea 💡 because it means war with Russia.
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@spacecash ·
Even without Russia 🇷🇺 war with Iran 🇮🇷 is an extremely bad idea. The USA 🇺🇸 are losing out big time to trade with Iran 🇮🇷; France 🇫🇷 and Germany 🇩🇪 are trading with them. That is why we are punishing France 🇫🇷 and Germany 🇩🇪 and their efforts to do business with Russia 🇷🇺 and Iran 🇮🇷 by placing these new sanctions on Russia 🇷🇺 and Iran 🇮🇷 . People like Mike Lee and Rand Paul, who were the only two US Senators to oppose the new sanctions, should be supported big time. Russian markets are being cut off, this may only do harm to the cutters.
👍  
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@richard78624 ·
I agree when we get these 2% + down days Oil always rebounds.
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@zoroaster ·
I am locked an loaded! Ready to pounce!
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@marketanalysts ·
$0.11
Me too, got my oil longs ready and waiting
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@teaandkisses ·
$0.03
@marketreport Tried something interesting with this. Went into my 401k and temporarily but dramatically increased my percentage purchases of  VGELX.  I did this two weeks ago when you reminded us that falling oil prices never last long. My shares are loading up and averaging down in price with each purchase, after the increase occurs I will sell them and rebalance. I did this once before maybe a little more than a year ago and added a quick $1000 dollars to my retirement account, let's see if I can do it again. Costs are low in the group I am in, so no worries there.
👍  
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@andersokohler · (edited)
The more volatile it gets without any fundamental backing it up ...
We'll know the end is near.
One just gotta love this FED/ESF panic manipulation right in front of our eyes.
And to that our own maestro Mannarino helping us profit from this mess.
👍  
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@abcdoctor ·
Another great heads up; prepared to ride the wave! Thanks Greg!
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@balkrishna ·
$0.03
Oil prices continue to trade under pressure as rumors of issues with the current OPEC deal are making the rounds. This is because Libya, whos production was by civil unrest, and oil export terminals blockades isnow targeting to further increase its oil output, up to as much as 1-million barrels per day.  If Libyan production can climb to this level by the end of July, it would further complicate OPEC’s desperate efforts to reduce global inventories and prop up oil prices.
👍  ,
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@cheapogroovo ·
Should have just followed my WEAT $7 put advice. 

Once again bond prices are telling us something different than equities.
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@contrarianinvest ·
thanks Greg, now they have more motivation to bomb something, keep your eyes open everyone, something will happen for sure to ignite the crude algos!
👍  ,
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@stillwater ·
$0.06
Capitalize on the rebound all!  Thanks for the heads up Mr. M!  As always thanks for the heads up.  Much appreciated!
👍  , ,
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@jhouck4828 ·
$0.02
I hope your right,i know you will be right,keep up the great work,you are a great inspiration!
👍  ,
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@ma1neevent ·
Thanks for keeping us up to date!
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@tesseractmatt ·
$0.04
So right on.
Im actually surprised recent events haven't already supported crude prices. I guess something "more serious" needs to happen.
👍  ,
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@nenio ·
Do you consider that low oil prices will invert the US bond yield curve?
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@s-dbraybrook ·
Thanks Greg!
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@zxcv ·
What goes up will come down, and then we all are going to be in a big mess. So better buy food amd water before it is to let.
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@digitalmaster ·
Thank you for sharing Greg. Will look to make some quick $ from what you're suggesting. I've always made money from what you've said. Simply amazing. My own personal financial advisor. Why pay them when we got you?
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@sanchez ·
Pounce on it!!!
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@david777111 ·
Ok, looking for the opportunity from the event. Thanks Greg.
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@lanceman ·
The balls-are-in-the-air my friend, Brother Greg!     Thanks for always keeping the troop informed
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@buzzbait ·
Thanx for the update!!!!
resteemed and upvoted!!!
👍  
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@buster544 ·
An event for sure will happen, and it won't be good. Thanks for keeping everyone updated.
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@marcusxman ·
$0.75
All  just a tap on the keyboard ot make thing happen just the way they want.  Fortunately we have a brilliant teacher who has taught us how to see through their shenanigans.
👍  
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@veleje ·
Thank you for all the wisdom you are sharing!
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@liquidminded ·
Good work, actually great work...as always.  Keeping us informed, and teaching us at the same time too (most important).
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@elnightrod ·
$0.03
America needs a war, But will Putin and the other world leaders give it to the Deep State? The world has been extremely patient with American meddling, nearly too patient. Its almost as if there are bigger problems out there.
👍  ,
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@inventive-exile ·
Saudi Arabia is probably just going to squeeze Qatar and eliminate a major exporter so as to gain some control back since they're hemorrhaging  leverage with how fast they're drawing down their foreign currency reserves. It's all becoming more blatant by the day.
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@healthiswealth ·
$0.03
Everything is Fake.
👍  
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@ryufujita ·
Indeed!
Buying oil already, maybe too early ;P

Now I'm just gonna wait for OPEC manipulation!
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@tradetotravel ·
Hey Greg , thanks for the post. Have to admit i have been a bit surprised by the move on oil and gold , have small positions in both but i will wait patiently.
Thanks mate :).
👍  
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@dre-investments ·
Thanks for posting Greg! I was wondering about what to do with crude oil
👍  
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@bloomberg215 ·
Great post. They are going to orchestrated some event to push crude oil higher. I am ready to jump in.
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@newschannel428 ·
$0.10
thank  you Greg and we upvoted it was very good info
👍  
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vote details (1)
@folklohr ·
More of the same from them.  Great opportunity!
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@waclawberent ·
I think we might retest low of last year before we go higher. Big question is how banks are able manage all the loans issue since middle of 2014. At some point something has to give.
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@wolfoftrading ·
cool :)
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@bdl1165 ·
im thinking i am in at 20 a barrel.  with the Nigeria and  Lybia about to flood the market i think it has not found bottom yet!unfortunately the one thing that will send oil back up seems like a real thing pretty soon, trumps tweet earlier that the  XI tacticts have not worked in north korea could spell some real trouble and the recent spate of us planes shooting  down syrian and iranian aircraft we might see a huge surge in oil prices (hard to transport across the ocean when guns and subs are every where) but transports were down today ?
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@chfxxxx ·
Uhmmm, well its nearly 2 weeks ago since Greg said an "event" will happen in the Gulf/ME to push up oil. Admitedly, timing is a damned illusive thing.
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@marketreport ·
Oil did bounce just like I said it would. Then we had this selloff, and I expect yet another bounce.
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@oscarheem ·
buy silver!
👍  
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vote details (1)
@screenname ·
Re: Crude Oil Plunges Again, Look For A Rebound Opportunity My Lions. By Gregory Mannarino
<p>This post has been ranked within the top 10 most undervalued posts in the second half of Jun 20. We estimate that this post is undervalued by $414.48 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jun-20---part-ii">The Daily Tribune: Jun 20 - Part II</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@goldsilverguide ·
the fed has been manipulating the markets to insane measures, when do think or if they get exposed to the general public for being a private bank?
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@jmcmeekin ·
It will be necessary to keep upto date on the news from the Middle East. The recent events in Qatar have had a serious impact on the price of oil.  

Today I posted a trade I made recently with petrofac. If you or anyone would like to read my opinion on the opportunities oil provide please come and have a look @jmcmeekin
👍  
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vote details (1)