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Oil Is In A Volatility Squeeze

Ivan Martchev profile picture
Ivan Martchev


  • Right now, in the seasonally strong late spring period for oil consumption, many countries are putting sanctions on Russia because of the Ukraine crisis.
  • I am worried that some of these sanctions will backfire, and the price of oil will go parabolic, affecting more than the sanctioning countries, since oil is fungible and the most vital global commodity.
  • The shut-off of supplies to Bulgaria and Poland last week followed the refusal of those two governments to pay for gas in Russian rubles.

Oil price increase with upward arrow, barrels of crude oil and man watching with uncertainty. Market volatility instability. 3D illustration. Copy space.

Rodrigo/iStock via Getty Images

I don’t know of one futures trader who doesn’t know how to read a chart. The best traders all know the fundamental backdrop and all the data, too; but they still trade based on time-tested principles of support

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This article was written by

Ivan Martchev profile picture
Ivan Martchev is an investment strategist with Navellier Private Client Group. Previously, Ivan served as editorial director at InvestorPlace Media. Ivan was editor of Louis Rukeyser's Mutual Funds Newsletter and associate editor of Personal Finance Newsletter. Ivan is also co-author of The Silk Road to Riches (Financial Times Press). The book provided analysis of geopolitical issues and investment strategy in natural resources and emerging markets with an emphasis on Asia. The book also correctly predicted the collapse in the U.S. real estate market, the rise of precious metals, and the resulting increased investor interest in emerging markets. Ivan’s commentaries have been published by MSNBC, The Motley Fool and others. Currently Ivan is a weekly editor of Navellier’s Market Mail and a contributor to Marketwatch.

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