The Military does it again! Taking all the Freedom away that the protesters claim they don’t have under Morsi. Now they will have less freedom, and will keep to the streets. Factions of the brotherhood can take up arms again.
What people called “The Arab Spring” is to me more of an “Arab Winter”, because people are not better off. It was just a replacement of faces, and not forces, and I believe it will stay the same for the future. There will be more upheaval, and only flashes “of cosmetic calm”
Therefore, no calm in Egypt for the foreseeable future. How does it affect the oil prices?
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The Inspirational Story of Julio Herrera Velutini - Global Finance Leader
Warning: Egypt fuels oil prices
1. R E S O U R C E S F O R T H E I N D E P E N D E N T T R A D E R
B L O G
WARNING: EGYPT FUELS OIL
PRICES
Dear Valuable Friend,
The Military does it again! Taking all the Freedom away that the protesters claim they
don’t have under Morsi. Now they will have less freedom, and will keep to the streets.
Factions of the brotherhood can take up arms again.
What people called “The Arab Spring” is to me more of an “Arab Winter”, because people
are not better off. It was just a replacement of faces, and not forces, and I believe it will
stay the same for the future. There will be more upheaval, and only flashes “of cosmetic
calm”
Therefore, we will experience no calm in Egypt for the foreseeable future. How does it
affect the oil prices?
The Egypt unrest pushes the price of oil to a 14-month high yesterday, and Brent Crude
Oil is as of writing at
2. $105.76 ▲0.11 0.12%
Source: http://www.oil-price.net/
Traders were worried that political upheaval in Egypt could slow the flow of oil from the
Middle East to world markets. Embattled Egyptian President Mohammed Morsi vowed not
to give in to protesters' demands for his resignation. But the head of Egypt's military
announced late Wednesday night local time that Morsi will be replaced and new elections
will be held.
Egypt is not an oil producer but its control of one of the world's busiest shipping lanes
gives it a crucial role in maintaining global energy supplies. The Middle East accounts for
about a quarter of the world's crude oil output, or 23 million barrels per day. About 2
million barrels of that, or 2.2 percent of world demand, are transported daily through the
Suez Canal, which links the Mediterranean with the Red Sea.
Much of that oil is headed to Europe, but a supply drop anywhere in the world leads to
higher prices everywhere.
Therefore, helping Oil Producers and Oil Traders
It’s important for you as trader to take advantage of this crisis to trade oil profitably. You
need to have the best fundamentals and technical analysis and trade signals to stay
ahead in trading spot oil and futures.
I recommend that you stay alert, and spot the movements of oil very carefully.
You need to have a balanced and diversified, but quality services and support to see you
through your trading.
You should trade directly from live charts on your favourite platforms and devices, plus
you should have a host full off valuable tools, tutorials and free reports
Your Brokers should offer professional chart chat, updated constantly and the ability to
save multiple charts.
You should receive quality technical and fundamental analysis, a wide variety to aid your
trading strategies and decision-making.
3. All services should have up-to-date global economic calendar and analysis to ensure you
get the latest economic and political announcements.
They must offer high privacy, security, and reliability and customer services.
For traders decision making is all important. Setting up an investment goal and choosing
a particular financial instrument to trade on can only bring the expected return on
investment if you know what moves the market and when it is the optimal time to enter
or exit your trades. With trading decisions that you make in the context of upcoming
economic events you have a potentially bigger chance for profit – and this is where an
economic calendar comes in handy.
Below I recommend a few companies whom I know can help you in every aspect of your
trading.
Don’t hesitate to contact me for any advice and problems. I’ll like to fix problems
Thanks for reading, and have a cuppa of coffee, or tea.
You are welcome to share this market commentary or forward this to a friend.
a short-term positive or negative trend.
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Pierre A Pienaar
Blog: http://www.resourcesindependenttrader.blogspot.com
Pierre A Pienaar retired in 2011 from business.
I would like to share my passion, my interests, knowledge & experiences
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