Today I had a dream where an unseen person told me the price of oil had moved up by $7.20. I assume that means per barrel, but they did not say.
This is a market I have not been watching, but I am starting now. For most of 2011 to 2014, prices stayed in the $80 to $110 range before dropping in July 2014 and finally hitting bottom, below $30, in February 2016. Since then they bounced back up. The current price is $49.27.
Prices have traded in the $45 to $55 range during the past six months, as shown in the chart below. So an increase of $7.20 would be a big move, putting it near the top of the range, depending on the starting point. I was not shown the starting or ending prices or any dates, but there is an OPEC meeting scheduled for next Thursday, May 25.
OPEC is expected to extend their agreement to curb production for at least another six months and possibly nine months.
“They don’t have much of a choice other than to extend the cuts,” Kim Brady, senior managing director at SOLIC Capital in Evanston, Illinois, said by telephone. “They have said they will do whatever needs to be done to balance the market. They haven’t quite achieved that yet.”
Russia and Saudi Arabia, the largest of the 24 oil exporters that agreed to cut output for the first six months of the year, said on Monday that they favor a nine-month extension of the curbs. Prolonged curbs are needed to reduce global stockpiles to the five-year average, the energy ministers of the world’s biggest crude producers said. (Source: Bloomberg)
Extending the agreement should be bullish for prices, but is likely already priced in since it is public knowledge.
Based on my previous dreams and visions, the initial price movement has often moved in the opposite direction from what I have seen, so it is not an invitation to jump in right away. For now, I am just watching and waiting to see if we get a counter move down before going long.
For increased leveraged in trading oil, I found Proshares offers 3X Crude Oil Ultrapro Bull ETF (OILU) and Bear ETF (OILD).
Regarding silver prices, I am out of the market currently, waiting to see a recognizable pattern, which I have shared in previous posts.
Without knowing the dates or the starting prices, this information is incomplete, not enough for making trading decisions. It is offered only as a starting point for prayerful consideration and is not a recommendation for investing.
Author: James Bailey
James Bailey is an author, business owner, husband and father of two children. His vision is to broadcast the good news of Jesus Christ through blog sites and other media outlets.
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Oil has been moving hand-in hand with silver for the past few years. This is because cost of production sets precious metal prices, not supply/demand. Check out http://srsroccoreport.com for an in-depth explanation.
Also, output doesn’t control oil prices. I believe that’s a false narrative from the media to cover up low economic growth. Low demand from low growth causes oil prices to fall. The global debt is peaking and we have no growth to show for it. No growth means shrinking credit. Shrinking credit means deflation. If oil prices rise, it will only be temporary. Oil’s fundamentals show that is has to drop long-term because of Energy Return On Investment (EROI), also explained at the above mentioned website. Maybe your dream indicates the move before oil will decouple from precious metals because fundamentals will be in play once again. We’ll see…..
Great points Earnest. Thanks.
James with the increased production in Canada & the U.S. , even if OPEC continues the cuts there should be downward pressure on the price per barrel . This would indicate it would likely be a geo-political event that would cause the increase , thow a 7.20 increase is not enough for a war event likely , unless it is moving up that much daily .
I agree. So after it moves up, it seems likely to come right back down.
James,
I had a dream about oil. It was for a $7 drop. It came to pass in 10 days. I don’t trade oil and like you I had no dates.
The DXY is looking like a down trend. If i’m looking correctly at the chart it could be going to 95 area soon.
I missed yesterdays action. It was only a 2% drop ,but there were many areas to make great gains. This was just an example of what we can look forward to in the future.
The Gold/silver ratio GSR is going up but silver is not responding. Can’t figure that out either. The miners today gave back most of yesterdays gains.
Thanks for sharing that Ed. It must be my turn now. The next few weeks should be interesting.
http://kingworldnews.com/alert-time-record-silver-short-covering-spree-continues-also-covering-gold-shorts/
James this is off topic, but I wanted to make sure you have seen this. http://www.thecommonsenseshow.com/2017/05/18/will-there-be-a-civil-war-if-trump-is-impeached/ This is sounding more and more like the dream I have had and the wake up call of the gun shot and the word, Lincoln.
James, are you still holding a short position or are you on the side lines?
I closed my short position after the steep drop this week. I believe equities will move back up close to 2400 before starting the big 100+ point drop. If it retests the lows around 2355, I am going to open a new long position, probably FAS. However, I am also watching for a drop in oil. If crude oil drops down around $45 or $46 per barrel, which is near the bottom of the recent range, I am planning to buy some OILU. So for now, I am on the sidelines waiting and watching.
James, watch for a 7.2% move as potential completion. These are usually metaphors. SNS
Thanks, I will watch for that, but would find it confusing if that is what it means because I heard dollars.
Any chance the phrase “oil moved up by $7.20” could have a double meaning that oil will move up by 7/20 (July 20)?
There are often hidden meanings in prophetic dreams and visions, but in this case the meaning was not hidden. I heard dollars, so I believe it means dollars. Even with that, other important pieces of information remain hidden since there were no dates or starting price points revealed. I would hope at least one piece was revealed because otherwise it reveals nothing.
It probably really is dollars. Correlating dates with the dream meanings doesn’t seem to work out typically…..SNS
Thank you for sharing. What is the best way to trade oil?
You can trade it with exchange traded funds like OILU or OILD (3x). These are riskier than 2x, but they have 2x too. Keep in mind that we prophetically get moves days, weeks or even months in advance. $7.20 up might be what’s next, or it might occur much later after a big drop. I’m looking for a major drop at some point, something I saw months ago. Does oil drop before doing $7.20 up? I’m not sure. Maybe it drops big time after going up $7.20. So it’s quite tricky…..the larger drop I’m expecting could be many months out, or in 2 weeks.. the bottom line is not to trade only based on James revelation, but to take note of it, and integrate it with what the Holy Spirit is directing you to do. SNS
Great advice. I am also sitting out waiting for a bigger drop and more info before making any trades.
Hi James are you going long oil
After the 30 to 40 point drop in the S&P, I am going long on oil and short on silver. Oil is already close to the bottom of the recent range, so I think we are getting close. Silver has moved up, but I believe it will move up a little higher when equities drop. I heard in a dream UVXY was going up to $15.00.
Hi James,
I am still learning the correct timing to play the market. I think your style would best suit me. Immediately after you enter into long oil and short silver position, can you share with me please? This 30-40 point drop you are expecting is from 2441 ( s&p ) ? Do you expect this drop should finish in one day or two days?
Regarding the drop, I was not shown how many days, but I saw an insect flying horizontally before it dove straight down fast into a glass of water. It continued dropping into the water, so I am expecting to see a fast drop that continues dropping at a slower pace. In another dream, I heard someone tell me UVXY went up to $15.00 per share, which might equate to roughly a 40 point drop in the S&P, but I was not shown any numbers for that.
In a different dream, I was told silver would move higher when equities moved lower, but was not shown any dates so it might apply to this drop or it might be revealing a longer term move in both markets. All I can do is wait and see what happens. If silver moves higher when UVXY moves up to $15.00, then I will open a short position on silver. If UVXY reaches $15.00 and silver moves higher before the Fed meeting on Wednesday, then I am expecting the Fed meeting to be the trigger event for silver dropping. So those are the events I am watching.
For oil, I was told in a dream it moved up $7.20. In another dream, I was told oil moved up fast after news from China, but I don’t know if those two events are the same. I was not shown the timing for oil moving up, but it is already near the bottom of the recent range, so if it drops further when UVXY reaches $15.00, my plan is to open a long position.
Hi James,
Thank for sharing your market timing. What vehicle you’ll use to long the oil and short the silver? How do you know to long the oil after 30-40 point drop in the S&P ?
In a dream last month, I heard someone tell me oil was going to move up $7.20, so I have been waiting for it to return down to the bottom of the recent range. It is close to it now. In a separate dream, I heard news from China caused oil prices to move up fast, but these might be two separate moves. I am also relying on prophetic insights from other people for the trigger event.
For long oil, I will buy OILU and possibly some options on UCO. For short silver, I will buy DSLV and put options on SLV.
James, are you going into UVXY now?
Yes, I believe UVXY will shoot up to $15.00 when equities drop. I believe we saw the falling dirt on May 17, followed by the man stacking bricks on his head as equities climbed to new highs. Since last Friday, we have been moving horizontally, which I believe is the fulfillment of the insect flying horizontal before dropping straight down into the glass of water. I believe we are now close to seeing the drop.
I believe it is safe to play UVXY for this drop, but I have been warned twice about it going to zero, so for larger drops I will not be trading it. This is likely the last time for me.
Hi James,
Has the insect ” dropping straight down into the glass of water ” happened yet ? In my opinion, it has not happened yet. Only after reading Phanuel’s ” waterfall “, I am getting confused. I am waiting for this market correction to go long.
I received three dreams on three consecutive nights May 2-4, which I posted here: https://z3news.com/w/three-short-visions-last-week/
Since the first and third dreams both showed steep drops, I initially assumed they were the same drop, but later it became clear the dreams were given in chronological order and are being fulfilled in the same order starting with the falling dirt, which was fulfilled on May 17-18, then the man stacking bricks on his head, which was fulfilled as the market recovered from the drop and then reached new highs over the past couple of weeks, then the insect flying horizontally before diving straight down, which fits the market movement from June 2-9, so I am expecting to see the steep drop next. This drop would also fit with UVXY moving up to $15.00.
Hi James,
On June 9, s&p highest 2446, lowest 2415, closed 2431, uvxy 9.93 — 11.58, when s&p got to 2415, it was a drop 31 points. So Phanuel ‘ s waterfall drop has already happened, but the drop you are looking for has not happened yet, because uvxy has not gone to 15.00 yet. Your prophetic line and phanuel’s prophetic line are different.
William
I will consider entering a new short position if we break below 2415.
shalom
It sounds like we saw different events. I was not shown any numbers for the S&P.
i know that uvxy stock continues to do reverse splits so i am not sure how it can go to zero unless the company discontinues the stock.
I don’t know either, but I have been warned twice about it. I also read something explaining how it could happen, but unfortunately I did not save the article.
Hi James, do you hold the shares of UVXY or have a long position on it ? Thank You!
I sold my UVXY today for a small profit because the pattern did not match what I was expecting. I was hoping to see the insect flying horizontally then straight down and fast, but instead it moved up higher than I expected on Friday, then today it should have dropped farther and faster than it did. So, I got concerned the man might add another brick on top of his head. I also saw a green 66 yesterday, which I am assuming is Dow points. I was not shown any dates, but those kinds of numbers have been fulfilled recently within 2 or 3 days. Last week I saw a green 96, which was fulfilled on Friday. So I am expecting to see at least a small one-day bullish move.
I think we are close to the drop, but taking it one day at a time before getting back in. The Fed meeting Wednesday seems likely to cause a big move, but right now I am not sure which direction.
Hi James,
There are too many twists. It scares me. Better to wait until the drop happen. All the time try to catch the drop, actually catching the rise is more profitable. When the drop is just 30-40 point drop, it does not worthwhile to catch the drop — because it is too risky.
It is challenging with only seeing part of the picture.
Are you still thinking uvxy is still going to $15.
Yes, it has not yet been fulfilled and I believe we are close. I am watching for the pattern of horizontal movement prior to the drop. My plan is to get back into UVXY soon.
James, is this silver drop the beginning of the 2 legs down in your opinion?
I heard through the prophetic grapevine someone saw at least two big drops for silver before it makes big moves higher. I saw one of them, but have not yet seen the setup pattern for it. If I see that pattern then it should drop to at least $14.45. Otherwise, I am not sure where the bottom is. Separately, I saw silver at $14.00, but no dates.