goldbug1

Oil - Reverse Structure Forming?

Long
goldbug1 Updated   
NYMEX:CL1!   Light Crude Oil Futures
Regardless of all the Teslas being sold, Oil is still the Energy King. $50 is a key level both psychologically and technically. We are looking for a reversal here and a move back to $60 in the next 2 months. How are we trading oil? Selling PUTs on our favorite oil play! MPC!

The merger with Andeavor created the largest refiner, midstream and retail (convenient store) company in the US. Coast to coast access and a convenient store operation larger than both 7-eleven and Couche tard circle K.

Short MPC PUTS (short term)
Long MPC Stock
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