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WORLD'S NO.1 CRUDEOIL EXPERT. 99% SURETY. CALL@08469668875. VISIT WWW.CRUDEPROFIT.COM
- Thread starter crudeprofit
- Start date
Dhruv Bindhani
Active member
The advertisement from March 29, 2020, continues to aggressively market crude oil trading tips, claiming a profit of ₹92,000 on "Friday" (which would have been March 27, 2020, as March 29 was a Sunday). It reiterates claims of being the "World's No.1 Crude Oil Expert" with "99% surety" and "daily single sure shot" tips aiming for "30-40 points targets."
Context of March 2020 for Crude Oil (Reiteration and Expansion):
As discussed in the previous response, March 2020 was a truly unprecedented and tumultuous month for crude oil. The factors at play were:
- COVID-19 Pandemic: The escalating global spread of COVID-19 led to severe lockdowns, travel bans, and a massive halt in economic activity worldwide. This directly translated into a drastic reduction in global oil demand.
- OPEC+ Price War: On March 6, 2020, the OPEC+ alliance (OPEC and non-OPEC producers led by Russia) failed to agree on production cuts. This triggered a price war, with Saudi Arabia and Russia rapidly increasing their oil output, flooding an already demand-starved market.
The Trade Claim (₹92,000 Profit on Friday, Daily 30-40 points targets):
Given the extreme bearish sentiment and rapid decline in crude oil prices during March 2020, particularly in the latter half of the month, the claim of generating substantial profits by short-selling crude oil is highly credible and aligns with the market reality of that time.
- Significant Price Swings: The crude oil market was experiencing massive daily price movements (volatility was exceptionally high). A "30-40 points" target (which refers to price units on the MCX crude oil futures contract) would have been easily achievable, and likely surpassed, on many trading days during this period, especially for those correctly predicting the downward trend.
- Profit from Short Selling: Traders who accurately predicted the continued fall in prices by initiating "sell" positions (short-selling) would have indeed made significant profits as prices dropped. The advertised profit of ₹92,000 on a single day further underscores the magnitude of the price movements.
Similar to the previous advertisement from March 18, 2020, this advertisement from March 29, 2020, claiming large profits in crude oil is highly plausible given the historical context. The crude oil market in late March 2020 was in a state of extreme distress, with prices crashing due to the dual shocks of demand destruction from COVID-19 and a supply glut from the OPEC+ price war. This environment presented immense opportunities for traders who were positioned correctly on the short side.
However, it is crucial to remember that such advertisements are marketing tools. While the profit claim might be genuinely achieved on that specific day, the "99% surety" and "daily single sure shot" claims are typical exaggerations used by tip providers and do not reflect the inherent risks and complexities of futures trading. The extreme volatility of March 2020 meant that while profits could be huge for correct calls, losses could also be equally devastating for incorrect ones.