#Cruide Oil WTI
Since we had this amazing downside rally together with $USD strengh this summer in $OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.
First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
I wont buy it on margin as volatility can screw things up in the meantime as such a trade can take quite some time to develop.
I will buy an ETF which I can comfortably hold for a longer period.
The target is a 51 % gain of that trade.
Risk is for new lows below 42 USD.
Since we had this amazing downside rally together with $USD strengh this summer in $OIL I am in favour of a recovery rally to come during autumn. For sure we are not in for new highs yet but in my humble opinion we could rally until 82ish levels.
First I expect oil to go lower from here first. I would be a buyer of oil around 53USD levels.
I wont buy it on margin as volatility can screw things up in the meantime as such a trade can take quite some time to develop.
I will buy an ETF which I can comfortably hold for a longer period.
The target is a 51 % gain of that trade.
Risk is for new lows below 42 USD.