AndreasMunz

Hitting suppoort around 43, sideways & up

TVC:USOIL   Crude Oil (WTI)
Crude is hitting some support as it come close to the (blue) up-sloping trendline at around 43.
Additionally the 200 day MA is right around that area.

We are oversold in terms of Bollinger , RSI and Stochastik, with the Stochastik generating a buy signal


Should the market break, targets on the downside at 39, 35 and contract low at 26ish....

Option idea:
IMHO selling put spreads. I would avoid purchasing any upside premium of any kind
Opig falls apart, Trump wins election oil at 35.... testing 40 for support bearing no catastrophic news or RUMOR again
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