AndreasMunz
Short

Downtrend manifests, watch out for seasonal low in late August

NYMEX:CL1!   Light Crude Oil Futures
Downtrend has established after topping at 50.

The 200 day MA (yellow) provided some support for now, but on the upside the 7 day MA (red) acts as resistance in this downtrend channel .

I am looking for another test of the lows at 39. Further support comes in at 36 then 33.

Option idea to consider IMHO:
as we near upper trend line: --> sell call spreads and buy a put
as we near lower end, get out and sell p spreads (dont buy calls here)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out