luke1827
Long

Crude Oil: Level for Buying Call Options

FX:USOIL   Crude Oil (WTI)
63 0 0
(1a) Completion of an AB=CD formation provides decent probability for a reversal. I will be buying out of the money call options on USO to take advantage of the low oil             prices. This is a long term swing trade, so I'm looking to buy Jan 2016 Calls.

(2a) Alternative, if Daily RSI hits 15 again, it would also be a level in which I would buy long term OTM call options on USO .
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