there is a strong support here. i want it to o there in next 2-3 days and let all weak hands go away. Load all oil stocks big time at 48 for long term. Lots of places, oil production is reduced and stopped. Automatically DRAW report will come soon and this will be ready to fly high. I dont know long term how high can it go but targeting 48 as lowest near future.
Loses 50.51-51.00 support area and recession closer than many think
EARNINGS: TWTR (66/54) announces earnings on Thursday before market open, so look to put on a play in the waning hours of Wednesday's New York session to take advantage of post-announcement volatility crush. Pictured here is a 16 delta short strangle in the March cycle with -2.88/2.95 delta/theta metrics and break evens wide of the expected move paying...
Crude Oil may start going up due to the china deal. Under the so-called Phase 1 deal to call a truce in a trade war between the world's two biggest economies, China committed to buying over $50 billion more of U.S. oil, liquefied natural gas and other energy products over two years. Long at 57.86 Target 59.86 Stoploss 56.86
Crude #oil. Does it hold or does it break? I wouldn't trade oil futures going into weekend but cheap $USO calls offer some decent RR. $CL_F $WTI
No harmonic pattern. Just bullish divergences
this has ruined so many ppls life including me. It needs some reversal now
Inf Expectations are too high vs DXY Oil is already rolling over catching down to DXY Inf Expectations should roll over soon unless DXY collapses soon => Long TLT
EARNINGS: Earnings kick off in earnest this week with a bevy of financials (WFC, GS, JPM, C, BAC, MS). Generally speaking, I haven't played these in the past due to low background implied, and nothing has changed in that regard this go-around from a premium selling standpoint: WFC (30/21), GS (27/24), JPM (20/21), C (16/23), BAC (0/22), MS (0/24). That...
Monster sell off in crude #oil, but we are coming into support at 59.50-60.00: horizontal, rising channel support & backtest of falling trend from Oct '18. RSI on 1 hr oversold & RSI on Daily hit rising trend. Not a bad area to look for a bounce w/ tight stop ~59. $WTI $USO $CL
Crude oil (CL) is in a 15 year old declining wedge / pennant approaching top trend. Will it break out above this time or make another trip down to bottom trend first?
$XLE perfect backtest of breakout from symmetrical triangle. I love trading this type of backtest because RR is favorable and downside risk well defined $WTI $XOP $CL $USO #oil
Significant breakout in #oil today. Price broke through horizontal resistance & falling TL resistance in play all year. Nice follow through in $XLE as well. I'm targeting a push to $63 (Sept 19 high, June 18 low) $WTI $CL
The $61 level has been really important for #oil this year. Price is retesting now, along with falling resistance from the Apr and Sept peaks, and resistance from the rising channel begun in late Sept. $USO $WTI $CL $XOP $XLE
How much higher will we go? Price has printed a rising wedge pattern indicating exhaustion in the market. We will be waiting for a break of trend with corrective structure to the downside.
I enjoy trading DRIP and I believe long term, oil is worth less than today. ESG is a movement that will continue, especially when it comes to China and India's eventual and inevitable higher participating in the space. Day trade DRIP, but do not hold. The issue arises from the cost to roll the futures and the cost to leverage the future or ETF into a swap that...