Oil moves back to $75 per bbl in short order, and will trend back to the triple digits as this COVID nonsense/nightmare ends and demand skyrockets and OPEC applies production pressure. I am long the futures and various call options. Best wishes to all, please review & consider my other ideas as well. Thanks.
Trade active:
We are now at the highs of 3 years ago and THIS trade is being talked about daily in the financial news. Soon, it will be on the regular news. STAY LONG, if you aren't than GET LONG!
Trade active:
We have crossed $85.35, and on every pullback it has been a reason to re-enter long if you haven't already. Stay tuned, $100 is around the corner.
Trade closed: target reached:
This analysis made perfect sense on every level. I bought the futures contracts and options on the futures. It worked exactly as I anticipated, oh and throw a WAR in there and that only expedited the price rise. I'm out completely here, no exposure and I'm sure that I closed too early