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IvanLabrie IvanLabrie PRO USOIL, 3W, Long ,
USOIL: Oil: Potential bullish scenario
494 6 28
USOIL, 3W Long
Oil: Potential bullish scenario

I think there is a fair chance that oil breaks out, maybe due to fears of war in the Middle East? Maybe due to OPEC extending production cuts, or maybe a bit of both, paired with Trump's comments of wanting a weaker dollar. I think energy positions are a good hold, and even a good chance to add to many, like $OXY, $PBR, $MPC, $PBF, to name a few. Keep an eye out ...

IvanLabrie IvanLabrie PRO UCO, D, Long ,
UCO: UCO: We bought yesterday's close
230 2 11
UCO, D Long
UCO: We bought yesterday's close

This is potentially a very good trade, for the time being, we can expect it to retest the top of the range. If you didn't buy with me and my clients yesterday at the close, you can buy here, risking a new low under the recent lowest low. Target is at least a retest of the previous rally's top, but it could evolve into resuming the longer term 'Time at mode' ...

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