Long position on crude oil from 45 - 48 USD.
It appears oil is reaching it's optimal trade zone for picking the bottom price in USD. A diagram on OBV shows we will be reaching the bottom of the channel within the next month.
Should oil decrease below 45 dollars, it should be an excellent buy and largely oversold. Price is skewed due to high value dollar during this deflation.
Should oil decrease below 45 dollars, it should be an excellent buy and largely oversold. Price is skewed due to high value dollar during this deflation.