VNR to USOThis chart shows the relationship VNR has to the price of crude. The recent selloff in crude has been mirrored by the selloff in VNR.
Clm4
WTI Crude Oil - SHORTYesterday WTI Crude Oil (/CLM4) completed an MACD divergence crossover on the DAILY chart. This signals a start of an intermediate downtrend (Less than 1 Month) for the Oil Futures.
Trade Idea: SHORT /CLM4 at current prices and add more up to $103.45. Stop Loss is at a break of new highs at $104.20. Profit Target is $98 to $96.
If you like trading Options, consider buying 100 Puts and Selling 105 Calls to offset the Put purchase (of course some margin will be used up).
