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You are here: Home » Trading » Oil » Prophetic Dream Reveals Oil Prices Moving Up $7.20

Prophetic Dream Reveals Oil Prices Moving Up $7.20

May 18, 2017 4:28 PM By James Bailey 48 Comments

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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 a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.

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Mike C
Mike C
5 years ago

7.20 from the low of 42 puts it at 49.20. That just so happens to be a fib retracement level and also right smack at the daily downtrend line. I believe we may see this fulfilled shortly…

0
Reply
Mike C
Mike C
Reply to  Mike C
5 years ago

49.20 is the top, right now! Exactly a 7.20 move up.
Amazing work. Lined up with technicals perfectly. Let’s see if it holds and drops.

0
Reply
William
William
5 years ago

James,
Does this ” Oil Prices Moving Up $7.20 ” start to happen yet? I am still waiting to long the oil ( OILU ) ?

0
Reply
James Bailey
James Bailey
Author
Reply to  William
5 years ago

You are referring to the dream I had on May 18 where somebody told me the price of oil had moved up by $7.20. I assumed that meant per barrel, but they did not say. At the time, oil prices were at about $49.25 and moving up. It moved up to about $52.00 on May 25, then turned down and dropped for the next four weeks until hitting a bottom at $42.00 on June 21. Then the price moved up about $5.00, slightly above $47.00. From there it dropped down to where it closed Friday at $44.36. So what I saw has not yet been fulfilled. I am waiting for the price to drop back down to $42.00 because I believe the $7.20 climb will start there.

1
Reply
William
William
Reply to  James Bailey
5 years ago

James,
Thanks for clarify.

0
Reply
Stirred-not-shaken
Stirred-not-shaken
5 years ago

James, I think we peaked maybe.

+$7.20
Top was $47.20-$47.30

Now it seems we are heading down again. So possibly your revelation has been fulfilled. SNS

0
Reply
James Bailey
James Bailey
Author
Reply to  Stirred-not-shaken
5 years ago

Possibly, but I am still watching for a $7.20 move up because that’s the way I heard it. If it drops down to $42 I am planning to open a long position with OILU.

0
Reply
Matt NZ
Matt NZ
5 years ago

http://kingworldnews.com/alert-time-record-silver-short-covering-spree-continues-also-covering-gold-shorts/

0
Reply
Earnest
Earnest
5 years ago

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…..

3
Reply
James Bailey
James Bailey
Author
Reply to  Earnest
5 years ago

Great points Earnest. Thanks.

1
Reply
michelle Gibson
michelle Gibson
5 years ago

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.

0
Reply
Fat B
Fat B
5 years ago

James, are you still holding a short position or are you on the side lines?

0
Reply
James Bailey
James Bailey
Author
Reply to  Fat B
5 years ago

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.

0
Reply
Stirred-not-shaken
Stirred-not-shaken
5 years ago

James, watch for a 7.2% move as potential completion. These are usually metaphors. SNS

0
Reply
James Bailey
James Bailey
Author
Reply to  Stirred-not-shaken
5 years ago

Thanks, I will watch for that, but would find it confusing if that is what it means because I heard dollars.

0
Reply
Christian Block
Christian Block
5 years ago

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)?

0
Reply
James Bailey
James Bailey
Author
Reply to  Christian Block
5 years ago

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.

1
Reply
Stirred-not-shaken
Stirred-not-shaken
Reply to  James Bailey
5 years ago

It probably really is dollars. Correlating dates with the dream meanings doesn’t seem to work out typically…..SNS

0
Reply
Ed H
Ed H
5 years ago

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.

1
Reply
James Bailey
James Bailey
Author
Reply to  Ed H
5 years ago

Thanks for sharing that Ed. It must be my turn now. The next few weeks should be interesting.

1
Reply

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  • Cesar G on Prophetic chart could be showing macro view of crypto winter aheadHi James, TA wise the equities markets (stocks) are at critical levels of resistance and looking topped out. What are your current thoughts on this, seeing markets rally so fast and to these highs. Do…
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  • Fionnola Morris on Large Danish ministry forced to shut down after slanderous attacks from Danish government and news media.And was that not also SLANDER? Pastor Tørben maintains he gave the answer (same one that all healing evangelists give): don’t stop your medication (until your doctor has verified your healing).
  • Fionnola Morris on Josephs Are Being Prepared For Their SuddenlyAmen! Even if we aren’t of Joseph’s calibre and stature, we still carry God’s promises of eternity in our hearts and of His Great Harvest with signs wonders and miracles of every kind, even if as yet…
  • Athoniel Ripon Sarker on Josephs Are Being Prepared For Their SuddenlyBlessed and encouraged by the word. God bless you sister.
  • N.Newton on Encouragement for the Bitcoin flash crashI am ready to dance like David❤️ All glory to His Son ✝️ He is faithful.
  • Bill F on Encouragement for the Bitcoin flash crashThanks SW! Very encouraging indeed! Needed this nudge. Blessings to you.
  • V.. on Encouragement for the Bitcoin flash crashPraise the Lord, hallelujah!
  • Silent Warrior on Prophetic dream and vision show Shiba Inu Token reaching all time highsYou are welcome!
  • Silent Warrior on Prophetic dream and vision show Shiba Inu Token reaching all time highsOf course. God bless you and your family too.
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  • Silent Warrior on Prophetic dreams reveal high and low Bitcoin pricesYou are welcome. Amen.
  • Silent Warrior on Prophetic dreams reveal high and low Bitcoin pricesThanks Marcio
  • Silent Warrior on Bitcoin dreams reveal low flash crash prices and $25,000You are welcome Glenn. It is a possibility that we could have separate crash events.
  • Silent Warrior on Bitcoin dreams reveal low flash crash prices and $25,000You are welcome, Marcio. God bless you.
  • Silent Warrior on Bitcoin dreams reveal low flash crash prices and $25,000Thank you for sharing, Mysa.
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  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadI've had a couple of recent dreams showing what I think is an upcoming 50% retrace of the move up from 3910. Currently that would put the bottom at 4084 but that's based on yesterday's top at 4257 and…
  • Cesar G on Prophetic chart could be showing macro view of crypto winter aheadHi James, have you received new intel and puzzle pieces for the SPX movement? It’s current day range high is at 4245 and there’s still around 4 hours and 30 minutes left before markets close. TA sugge…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadToday's top at 4211 raises the bottom for the 150-point drop to about 4061. My current thinking is this drop starts very soon and takes about 3 trading days to complete.
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadThe move up from 3910 to 4211 today was 301 points so dropping 150 is a 50% retrace. In a dream a few days ago, I saw a big butcher knife fall straight down from above and sliced a big piece of sausag…
  • Cesar G on Prophetic chart could be showing macro view of crypto winter aheadHi James, I wanted to know if anything changed or if you received new puzzle pieces, since SPX has reached 4210 today and this is one of your targets to the upside. Markets looked like they have toppe…
  • Cunny Fred on Prophetic chart could be showing macro view of crypto winter aheadHi James, God is showing you things, but I think that God does not want the exact sequence revealed on a public forum. or people will become lazy and not seek out things for themselves. James, you saw…
  • Paul Morgan on A Season of Divine DistinctionThomas - I Agree With Carla "THIS WAS ON POINT" - AWESOME Posting!
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadI'm glad you asked Cesar because my stuff is constantly a work in progress with lots of warning dreams when I'm not seeing things clearly which is often. I recently saw a 150 point drop which I think…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadYes, I agree Cunny Fred. I think that's when Frank's drop happens. I also agree larger drops will follow afterwards. The lowest SPX number I've seen recently is 1922 but I'm expecting it to eventually…
  • christian on I see a spirit of SUSPICION masquerading as a spirit of discernment – and it’s killing us.thanks !! AMEN
  • Cesar G on Prophetic chart could be showing macro view of crypto winter aheadHi James, But you are expecting the SPX to drop to around 3990 this week before another leg up to your higher targets 4200s and 4300s? Right now the SPX is around 4110-4115 with 1 hour and 30 minutes…
  • Joe on “I will complete My promise to My Chosen…”Watch the waters As the waters will fall In July...... For a third straight week flash flooding is a concern in the same areas of the US (msn.com) Is it time?
  • Paul on Large Danish ministry forced to shut down after slanderous attacks from Danish government and news media.You forgot to mention that one of the undercover reporters, mentally ill one when he asked Tørben if he should continue with hes medication, Tørben said NO.
  • Cunny Fred on Prophetic chart could be showing macro view of crypto winter aheadJames, isn't it possible that the -182 point drop that Frank saw might be part of the journey to 3658? One large daily drop might be followed by other drops. It is also possible that the drop that you…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadThanks for sharing those dreams Frank. The bullish pattern for SPX that you felt bummed that it was broken sounds like what I'm expecting for the next month or so with a downturn starting in mid Septe…
  • LovetheLord on America’s Plan for A New World System (words inspired by God)It's okay to laugh, I believe. That part lifted my spirits. We need some few seconds relief from the stress!
  • faith on I remember thinking “Why did I do this? Now I’m going to die.”I have a different take on this dream and in my opinion it's about the crypto market. One needs to ask themselves the significance of her being a red head and going upstairs. What would that scene hav…
  • lisa on America’s Plan for A New World System (words inspired by God)God bless you Caroline and thank you for this word. This confirms what my spirit has been showing me. The christians that believe this can be overturned are going to be very surprised. We are in the e…
  • Carla on A Season of Divine DistinctionThis was on point, thanks for sharing. Passing this on !! 🙏
  • PaulAu on I remember thinking “Why did I do this? Now I’m going to die.”MITIGATION PROTOCOL - FYI. Last year, I had a very interesting visit with a doctor who was recommended by the Covid Medical Network, Australia. Her take on vaccines: She said that they all had side ef…
  • Frank on Prophetic chart could be showing macro view of crypto winter aheadJames, at risk of this getting buried among so many replies here, I did want to share a very clear dream I had a few days ago on the SP500. In my dream I was watching the evening news and saw the dail…
  • James Bailey on Prophetic chart could be showing macro view of crypto winter aheadI had been thinking it was coming soon but received warnings that it's further out on the timeline. I also received an update that the bottom is closer to 3658, not 3690. My current target date is Sep…
  • Nobody on Prophetic dream reveals coming crash in crypto currency pricesWell, can't say for sure, but need to bring it to your attention that, there is a chance your dream may be about to unfold in a month or 2 in this mid-late summer 2022 ..... your dream did mention an…
  • Katie on Liars, Propagandists and The Great ResetThe evil woman spreading the psudeo psychology to these saps are the real villains
  • N.Newton on Prophetic dream shows Bitcoin stuck in heavy trafficIt could be next summer but I feel something weird going to happen soon. There must be a reason why CCP banned BTC. If this hack occurred, it could be catastrophic. 😎God bless
  • Phil - Sydney on I remember thinking “Why did I do this? Now I’m going to die.”Thanks James I took the jab because I had major expenses and ongoing mortgage payments. Transport NSW would not let me work without the jab. Thanks the Lord that I have been kept well. This policy is…

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