Hey fellow traders, I am traveling for both personal and business over the next two weeks and will not be posted as frequently as usual. If you haven't been following me you have missed a number of accurate predictions in the last few weeks such as the AUDUSD bullish breakout, JPYUSD bull trap, SP500 breakout, Gold price pop, Macy's bullish price explosion and a number of other calls. If you would like accurate analysis to supplement your own, please follow me and watch/like my videos. Now onto oil. After an explosive move high the market has finally reached a point of exhaustion and has begun falling back to a key support level. While this trend remains intact we want to be long and only long. Picking up pennies in front of a steam roller is not a winning strategy. With that in mind we are watching for USDWTI to reach the key area of 69-70 and throw a high quality bullish candlestick signal such as a bullish pin bar, bullish engulfing bar, 2 bar reversal, or an inside bar. Be watching this level closely.
تم فتح الصفقة
Sold naked puts w/ 74 strike on XLE. Fear is high in oil w/ the IVR at around 50%. I will either sell when my puts around 65-70% profitable. If oil were to move against my position in a significant way I will sell an equal number of calls 74 to create a straddle and improve my cost basis. If price were to move further yet then I would go inverted and roll forward in expiration to continue to improve my cost basis.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.