What about your trading do you want to fix?

Hey Trader, There isn't a single trader in existence who makes perfect trades every time. We all have aspects of our trading that we want to improve or fix. I know for me, I struggled for a long time with timing my entries and exits... I've probably missed out on tens of thousands of dollars in profit over the years all because I couldn't figure how to cut my losers and let my winners ride. What about your trading do you want to fix? Reply to this email to let us know. This will give us the chance to get to know you better and deliver even more awesome content and trade opportunities to you. I look forward to reading your replies. To Big Profits and Beyond, Anthony Speciale Jr Editor, Big Energy Profits

Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com

Global COVID-19 Crude Oil Market Update

- Equinor has announced job cuts of around 20% in Britain, Canada, and the US, and will also be cutting contractors by half as it struggles to maintain profitability amid low oil prices. Equinor also said it would not drill new unconventional wells in the US for the rest of 2020. This mostly will impact the Bakken and Marcellus. As of the end of last year, Equinor had about 20,000 employees. - Exxon, once the most valuable company in the world, has now been booted from the Dow index. To some, the oil giant's removal can be attributed to more than just low oil prices. It could be a far scarier indication that there simply isn't the confidence there anymore that oil demand will rebound enough for Exxon to regain its status - Things are looking grim for Alberta. In its first-quarter fiscal update for 2020-2021, Alberta pegged its debt burden nearly $100 billion, with a projected deficit of $24.2 billion for 2020-21. This figure is $16.8 billion higher than estimated than the budget for 2020. The reason for this decline? The sharp drop in oil revenue. - PetroChina posted a $4.4 billion loss for H1 2020, compared to a hefty profit a year earlier. Despite the loss, PetroChina has pledged to invest in geothermal, hydrogen, solar, and wind power to the tune of 3-5 billion yuan annually. The firm ultimately pledged to have net-zero emissions by 2050. - Iraq is cutting its exports this month, so far to 2.63 million bpd. This is 0.04 million bpd down from last month's figures. This downward trajectory for its oil exports is noteworthy given that Iraq and Nigeria are OPEC's biggest laggards when it comes to production quota compliance, and Saudi Arabia et al have had a difficult time getting Iraq to comply. This export figure will still not bring Iraq into full compliance with production, which would require Iraq to cut an additional 0.4 million bpd. - Australia's Oil Search's planned $20-billion expansion of the Papua New Guinea LNG project will be delayed by approximately two years, due to the pandemic.

How to Master Market Cycle Psychology

Humans are irrational and the stock market is a very cold and calculating place. If you don't master your emotions you could fall victim to Market Cycle Psychology (MCP). And MCP consists of 10 emotional states that are triggered by market cycles. Market cycles form patterns over time with different markets or business environments. This leads to trends due to new developments such as product releases or breaking news. This in turn affects trader sentiment. Because when market cycles go through several stages, we naturally react to it. But there are too many traders that panic at the wrong moment, get trapped in denial, and fall to the sirens of greed. To avoid this you must know of all the movements that happen within the market and how it will affect your emotional state. You'll learn these 10 emotional states and best practices to keep yourself in check during their respective market cycles. This way, you'll always have the mental fortitude to make the best trades that minimize risk and maximize profits… No matter what the market is doing. The 10 emotional states in MCP are: Hope Optimism Belief Thrill Euphoria Anxiety Denial Panic Anger Depression Master the Cycle of Hope Hope in a market cycle represents the initial entry point for investors. It can also represent starting recovery after a downturn or crash. During this cycle, investors are hopeful about potential increases in volume and price because prices are still relatively low and the opportunities are promising. On the other hand, it can also create faith and patience in the face of a loss. If you ever thought: It's not lost yet I can still make it back I'll just hold a while longer That's hope at work. Being in this emotional state during this market cycle is healthy. It means you're willing to take action or have patience. Although there's an obvious risk, you have to remember what the great Wayne Gretzky said: "You miss 100% percent of the shots you don't take." Some investors are too scared to hope again or invest in the market because of previous downturns or crashes. But even in a downturn, that just means prices are now at a discount. Bear markets suck, but it's important you have hope and not give in to fear. One strong example of hope in the market cycle happened two years after the Great Recession of 2007. The S&P 500 climbed 68 percent in 2008 and 84 percent in 2009. Investors who didn't give into the fear of selling, made great gains because they had hope. And that same mentality should apply to any goal you take on. Every successful trader must hope for a better outcome with their investments. And the charts are right there to indicate that for you. If you never give into the fear, hope will be your saving grace. In the next article of this series, we'll go over the second emotional state in Market Cycle Psychology: Optimism

Are You Ready to DOUBLE Your Trading Profits in 2020?

Traders love to complicate things… It's easy to get overwhelmed by all the charts, maps, and indicators. But the truly successful traders know the truth… There is only one indicator that's capable of predicting how a stock will move. And once you start using this indicator to plan your trades, you'll be able to increase the amount of profit you take per trade while also reducing the number of losing trades you enter. Traders have even used this indicator to double their accounts in just 36 trading days. This lead indicator is that powerful. Click Here To Tap Into The Profit Potential Behind This Lead Indicator

Daily Analysis

WTI Light Sweet Crude Oil Futures Analysis … CLV20 Near-Term Outlook: The $44.00 price area can likely contain session strength. While the $42.00 price area is in reach. Breaking below the $42.00 price area signifies downward pressure towards the mid $41.00 price area. Near-Term Bullish Scenario: Closing above the $44.00 price area indicates the mid $45.00 price area within several days. The $48.00 price area then attainable by the end of next week. While the $50.00 price area is able to contain buying strength in the broader market through the balance of the year. Near-Term Bearish Scenario: Closing below the mid $41.00 price area allows for a bearish rotation towards the mid $37.00 price area, likely within several days.. Key RESISTANCE price areas for WEDNESDAY are likely to be: $43.10, $43.45 - $44.00, $44.40, $44.80 - $45.20, $45.70, $46.15 - $46.55 Key SUPPORT price areas for WEDNESDAY are likely to be: $42.95, $42.50, $42.00, $41.60 - $41.20, $40.75, $40.20 - $39.90 Wednesday's Trading Price Range is likely to be: High: $43.47 / Low: $42.47

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