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Profit Confidential Expert Reports: Rising Geopolitical Tensions Between Syria and Turkey to Blame for Volatility in Oil Prices

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Sasha Cekerevac, financial expert and contributor to Profit Confidential, reports that the significant level of volatility in oil prices is a result of the recent breakout of hostilities between Turkey and Syria, including the latest incident on October 10 when Turkey forced down a Syrian plane—seizing what they believe was military equipment from Russia—and Syria warned Turkey that it will use increased levels of force if such actions are repeated in the future.

New York, NY (PRWEB) October 24, 2012

Sasha Cekerevac, financial expert and contributor to Profit Confidential, reports that the significant level of volatility in oil prices is a result of the recent breakout of hostilities between Turkey and Syria, including the latest incident on October 10 when Turkey forced down a Syrian plane—seizing what they believe was military equipment from Russia—and Syria warned Turkey that it will use increased levels of force if such actions are repeated in the future.

Cekerevac notes that this follows several days of artillery attacks across the border between Syria and Turkey.

“Investors are worried this escalation could spread to an all-out war in the region,” says Cekerevac. “This is obviously having a greater impact on Brent oil prices, compared to West Texas Intermediate (WTI) oil prices, due to the regional proximity of the situation.”

In the article “Is the Easy Money Over for Oil?,” Cekerevac highlights that there also remains high tension between Israel and Iran.

“For the time being, Israel most likely won't attack Iran due to a potential upcoming election,” reasons Cekerevac. “Benjamin Netanyahu, the Prime Minister of Israel, is ready to bring forth a proposal to dissolve the parliament and to set elections for late January.”

Cekerevac does note, however, that oil prices have recently moved up on comments from senior members of the Israeli political sphere that Iran is close to developing nuclear weapons.

According to the Profit Confidential expert, all of these cross-currents are making the analysis of the oil market that much more complex; with the easy analysis completed, oil prices are in the range that makes predicting future movements via technical analysis difficult, concludes Cekerevac.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation's free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi's current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/10/prweb10045827.htm

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