Crude Oil (WTI) - Long; Load up on it!
Just a near term play here on the anticipated, transitory USD weakness.
The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.)
Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O
The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.)
Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O
The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
Transaction en cours
Loaded up LONG here ...... on the Futures, too . Tight Stops!
Note
CL - (very!!) LONGThis is sitting at the bottom of that $85-$95 range, having already formed a huge accumulation zone. This is the place to load, LONG!
(I've managed to pick up 220x June 95C, last week.)
Resistance zones are at $80 and $85, after which it's a strait shot to $95.
Note
Should this drop down a little here, ...... will be buying that Stop Hunt (@76.11) something fierce!
Note
This could come down even a little more than previously thought;Looking to Buy in the 75.40s, above the PRZ.
Note
Buy it up! - LONG
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.