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Usolong

USO - 1yr 4hr long for the long haul The trade: as mentioned before, short term we can sell puts because our mission is to get a long position. For the quick play, a long position with stops below the wedge for the short term continuation of the trend. Range is getting tight so I won't be betting the farm until there's a clean break with confirmation of a new trend. Examples of fundamentals: Reasons to buy long term: 1. Politics in the US: a. Rex Tillerson – Head of Exxon for 10 years has been appointed secretary of state. b. President Trump has warned Mexico that they will pay for his wall through tariffs, and that he will re-negotiate trade deals like NAFTA. i. With these two points in mind we can reasonably conclude that a tariff will be put on – and the best option that benefits both is a tariff on crude + gasoline imports. It will protect their market share in the USA and line the pockets of Oil/Gas producers.
AMEX:USOLong
by asiansupermarket