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CFDs on Crude Oil (WTI)
Long
Updated

Longing oil here

383
USA stated they were going to replenish strategic reserves at 65-70 level. We're here, expecting price floor to be established.
Note
Might chill a little bit to break here (77 region) moved a bunch of the USO position to SPX. Keeping option exposure for now is all.
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rolled 4/6 65 calls to 7/21 75 calls USO

LFG!
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USA didn't even buy any oil for their reserve, LOL. This is massively more bullish.

SPX is going to push next week. Going to take out some SPX profits and start picking up some more long dated USO call options. Looking at Labor dayish expiration.
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faboose
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Beyond Technical AnalysisFundamental AnalysisTrend Analysis
faboose

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.