$CL_F: Oil futures long

Low risk trade here, check out how the hourly, daily and weekly time-frames interact, giving a lot of upside room with very limited downside risk here.
Best of luck!

Cheers,

Ivan Labrie.

Transaction en cours:

Daily signal triggered as expected...

Let's see how it goes.
Sorry for the noises, my daughter was playing with some stuff in the background haha.

Commentaire:

Sold futures, will use proceeds to buy OTM calls in $USO.

Commentaire:

I bot back my oil futures position, the calls don't look as appealing, but I will hold them until I can exit in profit.

Commentaire:

Banked futures...holding calls.

Trade fermée manuellement:

I took a loss on the calls, overall net profit but now the setup looks dead, trend can trigger a bearish signal in the daily today.

Maybe Barron's 'Invest in China' cover is to blame (everyone was hyped with China reopening as a driver of commodities and EM returns, but it seems the thesis could be wrong given China's economic weakness).