LT USOIL
Gap down indicative of exhaustive price action at the end of a mature bear leg. Sellers were clearly in control of the market. Base / unwinding late 2015 to now [orange trading range], leads to the first close above the 100 EMA since Jul 2014 (3.5 years)- this is very bullish.
Couple this with a weakening dollar, and commodities gaining strength across the board and I think we have a decent long term trade. Play is a bit unique (1) trading w/ ETF (2) trading options against that ETF. This could be a killer idea for 2018 and will likely take a minimum of 2-3 months to get moving before folks start to pile in. This ETF is also lagging the underlying asset it tracks, which I feel is also bullish. In-flows to ETF's by novice traders are at record highs (out of mutual funds).
Couple this with a weakening dollar, and commodities gaining strength across the board and I think we have a decent long term trade. Play is a bit unique (1) trading w/ ETF (2) trading options against that ETF. This could be a killer idea for 2018 and will likely take a minimum of 2-3 months to get moving before folks start to pile in. This ETF is also lagging the underlying asset it tracks, which I feel is also bullish. In-flows to ETF's by novice traders are at record highs (out of mutual funds).
Nota
Trade is on.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.