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MikeSans

OIL - LO'R / Back Up the Dump Truck's

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
MikeSans Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis
8
0
trendanalysis
USD looks like it is falling back into the 96-98 channel...Corona Virus...Over Supply followed by Lower Demand: Oil looks like it will broach $50, if it does then that's the best LONG of the Year! Load Up...TBD! EIAFookinOpecFookinAyatolla...Who Fookin Knows!!!

Cheers!
Comment:
Comment:
–There has been a bit more mention of ‘fifty-cent’, the large buyer of otm VIX calls. Large open positions are in the following strikes: Feb 22 calls which expire 19-Feb were trading 0.65 late and have a whopping 333k of open interest. March options expire 18-Mar, and 25c are around 0.65 with 161k, while 28c are 0.45 and have 212k. Spot VIX was 17.6 at the end of the day.

www.chartpoint.com
Comment:
Weekly SPX needs to Close above 3247
Todays Gamma #
3240: Neg G
3200-3300 SPX RNG
3234 Zero G

Long Term: Equities Good
Short Term: Still Pullback Environment (2-4%) TBD
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