Just a quick note regarding this week's Oil Trading Alert and Forex Trading Alert publication schedule. After discussions with Nadia Simmons, we decided that after a profoundly successful crude oil trade, a series of profitable forex trades, and a successful free-for-all-to-test launch of the Day Trading Signals (42 trades with the average performance of 0.68% profit per trade assuming no leverage for cryptocurrencies and 10x leverage for other assets), it would best if she takes a week off and rests before we launch the Day Trading Signals as a regular subscription-based product. This is something that should benefit Forex- and Oil Trading Alerts as well. Most analysts need to take periodic breaks from the market, especially after either a series of both particularly good, or particularly bad trades to recalibrate and start with a fresh perspective. The quality of our services and the care about you and for your capital are our top priorities, and the above is one of the ways to achieve and maintain them.
Nadia has created tremendous value in the last couple of months and it seems it's hard to imagine a better opportunity to take a week off than right now.
This is especially the case given the geopolitical tariff-based chaos that can make the markets less predictable than usually. Friday's impact was very positive for our short position in crude oil (the lower of targets presented on Friday's crude oil chart was around $53.50, which is exactly where crude oil closed yesterday after moving briefly to $53.05), but things may not be so rosy this week.
Consequently, as of today, we are closing the remaining positions in oil and EUR/USD. We opened the short position in crude oil on April 23rd, right after crude oil closed at $65.55. Yesterday's closing price is exactly $53.50. That's over $10 in crude oil (about 15%) in less than 1.5 months. That's way over 100% annualized.
As far as the EUR/USD is concerned, we opened the short position on May 29th, when the pair was trading at about 1.1157, and now trades slightly above 1.1183, so we are closing it a bit lower. The move was tiny, and it was after multiple profitable trades, so it doesn't change the overall positive impact of the forex trades in the last couple of months.
The Oil Trading Alerts and Forex Trading Alerts will resume normally next week, on June 10th.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
Editor-in-chief, Gold & Silver Fund Manager
