Very clear indicator here.
Crude could certainly go lower but the economy is opening sooner than later. Not an opinion, it's just a matter of time.
Crude won't skyrocket back to $40 but it is definitely oversold.
I bought XLE 9/18 $55 Calls. It gives me exposure to the broad market while benefiting from oil rising.
Crude could certainly go lower but the economy is opening sooner than later. Not an opinion, it's just a matter of time.
Crude won't skyrocket back to $40 but it is definitely oversold.
I bought XLE 9/18 $55 Calls. It gives me exposure to the broad market while benefiting from oil rising.
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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.
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.