OILU and general crude run-up
I like this ETF for 4 Reasons
1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February
2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36
3) OPEC and Russia have announced production cuts
4) Positive trade deal news is positive Energy news.
I'm expecting some major action going into the new year, tell me what you think!
1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February
2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36
3) OPEC and Russia have announced production cuts
4) Positive trade deal news is positive Energy news.
I'm expecting some major action going into the new year, tell me what you think!
Comment:
AAR: This trade is working out well for me, I plan on holding for 2, maybe 3 more days, but if you sell now you'll make a good profit
Comment:
Congrats to everybody that made money, I sold at 23.49 myself and pulled a good profit, however I will admit this trade was propped up by the news which I wasn't expecting at all.