Key Question is the Long OIL Reflation Macro trade on or off
Take a look at the weekly OIL ETF (long oil chart) and the SCO ETF (leveraged short oil chart). My money is on the SCO trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.