AndreasMunz

Crude oil move ahead, but which way?

FX:USOIL   Crude Oil (WTI)
Well, there is a move coming, but to be honest I see bearish and bullish signals, hence I remain neutral.

In this case, with lower option vols, IMHO it might be worth while putting on some strangles for Nov or Dec expiration.

Bearish case:
9 day MA crossing 20 day down
Symmetrical triangle forming

Bullish:
20 day MA crossed 50 day MA
Future spreads very bullish today despite the market being lower --> divergence

I like to play this, but this is a coin toss, hence I ll wait and see

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