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RizeSenpai

A Bearish Bet Against US Crude Oil Prices

Long
ProShares UltraShort Bloomberg Crude Oil (AMEX:SCO)  
RizeSenpai  
AMEX:SCO   ProShares UltraShort Bloomberg Crude Oil
Harmonic Patterns Technical Indicators Fundamental Analysis Bullish Divergence Oil inflation options
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harmonicpatterns indicator fundamental bullishdivergence oil inflation options
I will be buying some slightly ITM Calls here expiring in the middle of April in anticipation for US Oil to potentially go down by the end of the Quarter due to the Fed's monetary tightening.

The technicals look good for this Bearish ETF; Bullish Divergence visible on both the MACD and RSI and along with that we are at the PCZ of a Bullish ABCD.
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