Crude Oil vs Silveris Cheap Again
The chart shows USOIL relative to Silver in a buy area again.
USO (Crude oil futures ETF) is favorable choice to invest in crude oil since it benefits from current backwardation in future contracts.
Target for USO : $80
Time period: 3 months.
Trade suggestion:
Buy USO at 73
Sell Covered call at 75 for Dec above $3.65-$4 per share premium.
USO (Crude oil futures ETF) is favorable choice to invest in crude oil since it benefits from current backwardation in future contracts.
Target for USO : $80
Time period: 3 months.
Trade suggestion:
Buy USO at 73
Sell Covered call at 75 for Dec above $3.65-$4 per share premium.
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.