Charts signal a one or two day drop in oil prices. Going all or nothing on USO weekly $12 puts, only 20 contracts though.
Will flip the puts by COB tomorrow, win or lose.
Note: This is a quick flip, it may have another leg up long term. Depends on Iran, though I think both Iran and Trump are all talk with no balls.
Will flip the puts by COB tomorrow, win or lose.
Note: This is a quick flip, it may have another leg up long term. Depends on Iran, though I think both Iran and Trump are all talk with no balls.
Note
API reported inventory drawdown but the real number don't come out until the U.S. Energy Information Administration report crude oil inventories tomorrow at 10:30a.m. EST.Watch for big movement then.
Note
One week too early, oh well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.