There are some unconfirmed reports of massive explosions from rocket fired at US bases in Iraq.
Brace yourselves guys. It could turn into WWIII real quick 😅😂

Oil jumped with confirmation of rocket attacks on US base. I hope you got on when I posted about it 😅

The waves are rockets aren't ending yet.. More are coming from west side of Iran.

We are officially in war with US.

Gold will break the historic highs in the upcoming days.

I saved my profits on orders of oil. About $3.5K. Now I have a 1 lot order at 65

And a pending order for another 1 lot buy order on 64.46

This thing is just going to push the price higher in the upcoming days and we can expect 75 or even 100 dollars per barrel in the next 8 weeks. So I'm going to swing it till 74.47 for now and then we'll see how market reacts.

Since some members messaged me about this trade I want to clarify some stuff here to avoid further confusion for others.

The support level for oil is $58-60 price range.
The move down is in not sustainable, with the tentions between US and Iran the Persian Gulf is not a safe place for the oil tankers and any threat to them will send the price higher towards 69 (target if price touches 60) and $74.47 targets.

Currently the gulf's air space is full of US and Iran fighter jets and the radio communication is crazy high. There is a big possibility for a US response to last night's rocket attacks from Iran.

Saudi Arabia just shut down the movement of all their oil tankers from Hormuz Strait.
They won't be exporting oil from Hormuz Strait anymore!

Airlines around the world are shutting down their flights in Iran and Iraq air space.
(Expecting a military conflict)

Roumors of Israeli fighter jets bombing Hashad al-shabi bases (militia affiliated with Iran) are going around Twitter.

#oil

Since both leaders of US and Iran said they do not want a war, so the fear of a war breaking out is fading away (which is pushing gold down)

But the thing is that I don't think the situation is the same for Iran as it is for US..
Iran can't just forget about the confrontation with US since the economy is crumbling and US is emposing more sanctions to make things even worse.. So unless they allow Iran to sell oil (highly unlikely as it makes the sanctions pointless) Iran will have to escalate tentions again around hormuz strait (threatening to close it unless they get relief from sanctions) to try to force their way into international trade.
Considering the US current leader aim of regime change in Iran, there is no way the two countries can get along.

There is also that whole Ukrainian plane thing that's putting pressure on Iran's government and the Iraqi government attempt to get US troops out of Iraq (threatening to stop selling oil unless they leave, and Trump saying "I don't care, USA don't need your oil")

So overall, I still believe this is just the calm before the storm.

America just sanctioned 8 high ranking Iranian government officials for their role in killing Iranian protestors.
And also seized about @.5 billion dollars of funds belonging to Iranians outside of Iran.

This could potentially push the price of bitcoin higher since cryptos are a good way for going around sanctions when people involved in illegal schemes need a way to move around their money.

Just to be clear, BTCUSD is still in a bearish channel in weekly timeframe, so I'm not suggesting anyone to trade it.

I'm just saying 5-7K price range might end up becoming the support for 2020

OK it seems like the sanctions only blocked the money that belonged to Iranian official's overseas!

My mistake!

I was panicing about having my accounts freezed but it seems like its not going to affect all Iranians! Phew!

That's the wrap on the week.

Expect a lot of US vs Iran news over the weekend.

Im hearing roumors on social media channels close to Iran's government that Iran is planning to close down Hormuz strait to both force the international market into giving them sanction relief and also create some chaos to pull attentions away from the Ukrainian plane crash in Tehran.

I expected trump to stay silent till markets are closed and his tweets cant get in the way of his bullrun setting new record highs in the stock market. So the fight is likely to happen over the weekend (startin with Iran threatening to close hormuz strait or their proxies attacking Israel)

I will try to update you all on news about Middle East over the weekend as well.


Have a nice weekend everyone

Reports coming in of US troops closing the Baqdad's international airport.
There are also unconfirmed reports of Pompeo or Pence being in Iraq right now.


The social media channels affiliated with IRGC in Iran have all posted the same sentence of "big news is on the way.. "



Seems like something big is going to happen in middle east this weekend!

Reports coming in of high number of US fighter jets and helicopters circling around baqdad international airport.

Ok it seems like there is another wave of protests happening in Iran after the government was backed into a corner until they had to officially accept responsibility for shooting down the Ukranian plane.
there is a possibility of internet shutting down here but this time I have made the necessary arrangement to stay connected even if they cut people off 😎😁
so I'll be around for the next week.


still, with the shithole the Iranian government is stuck in right now, doesn't really give them a chance for doing crazy stuff like closing down hormuz strait since that would alienate close allies of Iran (Russia and China) and leave them defenseless against US.
that coupled with the fact that the daily candle in oil didn't have any significant correction(I think it had a time-correction only and the correction was still towards the downside) before the close of the market, makes me worried that we might be in a freefall in oil!
I'm going to hedge my bets and get out of my trades on breakeven (downside target I think could be $50 price range) so I will try swinging my way out on the way down with some scalping on the way, but unfortunately I think I will still lose profits made on it so far! oh well...shit happens.
with Iran being where it is now politically, I wouldn't cross off the possibility of the government officials fleeing the nation in the coming weeks!
that could also add the possibility of Iran's oil reserves getting poured in the market and we could see a race to the bottom (if shale keeps stealing market share from OPEC there is also a possibility that Saudi Arabia pumping oil in the market to take back their market share at the expense of their neighboring countries in the persian gulf region. and they are the only supplier capable of handling low prices in oil!)

in the meantime, I think our best bet in the market would be depreciation of USD and Gold getting stronger in the first 3 months of 2020. (and naturally a fall in oil due to risk appetite depreciating)

have a nice weekend everyone.

The protests in Iran are spiraling out of control. TV hosts of our national tv are resigning in protest and there is heavy crowds even in Tehran which was a comparatively quiet place in previous waves.

stay bullish on gold for now! I smell regime change!

Ukrain just announced that the rocket shot at the ukranian airplane has been shot manually by hand after aiming at target! (no computer error)

people in the streets are chanting swears and death-wishes on Khamenei directly and his IRGC forces!
he has officially lost the support of Iranian people.

so its now Islamic Republic (only real allies Russia - fuck putin - and China -fuck winnie the poo- ) against USA and the rest of the free world!

we should wait to see how US reacts to this mess!

Britain’s ambassador to Iran has been arrested during protests outside a university in the capital city Tehran and released shortly after. the reason for his arrest: "taking pictures of protestors"
British Foreign secretary Dominic Raab condemned Iranian government's action:
"“The arrest of our ambassador in Tehran without grounds or explanation is a flagrant violation of international law.
“The Iranian government is at a crossroads moment. It can continue its march towards pariah status with all the political and economic isolation that entails, or take steps to de-escalate tensions and engage in a diplomatic path forwards.”"



there are reports of IRGC forces shooting at protestors, and videos of people chanting "we don't want Islamic Republic"

trump used this chance for posting his first Persian tweet, supporting the protestors and admiring their courage.