Nemo_Confidat

Crude Oil (WTI) - Long; Load up on it!

Long
Nemo_Confidat Updated   
NYMEX:CL1!   Light Crude Oil Futures
Just a near term play here on the anticipated, transitory USD weakness.
The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.)

Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O

The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
Trade active:
Loaded up LONG here ...
... on the Futures, too . Tight Stops!
Comment:
CL - (very!!) LONG
This is sitting at the bottom of that $85-$95 range, having already formed a huge accumulation zone. This is the place to load, LONG!
(I've managed to pick up 220x June 95C, last week.)
Resistance zones are at $80 and $85, after which it's a strait shot to $95.
Comment:
Should this drop down a little here, ...
... will be buying that Stop Hunt (@76.11) something fierce!
Comment:
This could come down even a little more than previously thought;
Looking to Buy in the $75.40s, above the PRZ.
Comment:
Buy it up! - LONG

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