Hey There Income Hunter,

 

This week has been historic as the control for oil has taken a major turn.

 

This is something I introduced about 18 months ago when I said the petrodollar’s time in the sun was ending. 

 

Now the mainstream media is considering the fact that we are entering a decade of global transformation from central banks holding financial assets in reserve to real assets.

 

Join me live to trade the close tomorrow starting at 3:30 p.m. ET to take full advantage.

 

This week’s price action, meaning stocks down and oil and gold up, represents that change in real time …

 

This shift was always in the cards because real assets were – and always will be – what drives the global economy – NOT financial assets like US stocks and bonds. 

 

 

Today we will look at the ramifications and how to make money off this historic transformation. 

 

Consider These Recent Headlines

 

China completes first CNY-settled LNG trade – 3/29/23

 

Brazil’s Central Bank quadruples exposure to CNY – 3/31/22

 

Saudi Aramco boosts China investment with two refinery deals – 3/27/23

 

Saudi Aramco takes a $3.6B stake in China oil refinery Rongsheng – 3/27/23

 

These headlines mark the point of no return for global trade. 

 

Remember OIL is the economy … Now, that may change in 10-20 years as the world transitions to green energy but first the world has to transition from paper assets to real assets …

 

These investments into China by the previously most important partner of the US, Saudi Arabia, launches a long-term exchange of US dollars and US Treasury bonds for future physical commodity supplies. 

 

What’s the Trade?

The United States Oil Fund (Ticker: USO) is an efficient ETF for trading Oil futures contracts and in the past week we have witnessed an end to the correction in oil prices.

 

It started with a capitulation trade on March 15 when selling volume was 4x the daily average. 

 

Then we have had two huge buying days in the past 6 with nearly double the average volume …

 

Monday was the breakout trade after the Saudi’s announced their departure from using the US dollar as its reserve currency.

 

Notice the chart below illustrating how USO gapped above the 50 dma (blue line).

 

We may see a short-term pullback and retest of the 50 dma and that would be an ideal time to put on a long USO strategy. 

 

When fundamentals and technicals meet the probabilities of making money rise … You don’t want to miss these turns. 

 

The global stage is set for major change and we need to change with it …

 

Live and Trade With Passion My Friend,

 

Griff