The Hurricane Could Create Big Trading Opportunities, Mark Hodge Says

August 31, 2017 – – Following the Hurricane, Mark Hodge gave breaking analysis on the movement in gasoline and oil markets in Rockwell Trading’s new ground breaking live series Coffee with Markus. In the latest Coffee show, Mark Hodge, the Head Coach at Rockwell Trading, suggested investors gasoline prices could move higher after Tropical Storm Harvey hit Taxes.

However, he believes oil prices to remain steady, as lower demand from refineries could have a negative impact on crude oil demand. Texas is the hub for U.S. gasoline refineries, while the storm forced the shutdown of no less than 10 refineries in that region.

Gasoline prices sharply moved higher as much as 7% on Monday’s trade to $1.7799 per gallon, the highest level in the last two years. Mark has predicted that trend before the start of the market in morning show ‘Coffee with Mark’ and he suggested investors to take the position in gasoline stocks, options and futures.

Rockwell Trading’s PowerX Analyzer has also provided buy signal for gasoline while the software has generated sell signal for crude oil. On the flipside, U.S. Crude oil prices plunged to the lowest level in the last month, driven by worries on refinery shutdowns.

Mark’s concerns over the global political environment and the USD exchange rate also proved accurate, as global markets fell following North Korea Missile test. U.S. stock futures declined close to 1% and the dollar index fell against Yen in early Asian trade on Tuesday, creating a tense begin to trading for stock markets in all the regions.

S&P mini futures plunged nearly 0.85% after the missile test news, while The Nikkei futures dipped 2.0%. On the other hand, safe haven assets soar sharply after the dip in stock markets and the U.S. Dollar rate.

Gold jumped 0.9% to $1,324 per ounce, striking its highest level since Nov 9. Based on PowerX Analyzer trend following strategy, day traders can make significant gains from the volatility in the market. Negative trends are likely to accelerate in the following days, amid uncertainty related to the North Korea, Tropical Storm Harvey in Taxes and the sharp movements in USD index. Traders can get these insights on the market for themselves live at rockwelltrading.com/prcoffee.

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