A few words about the prospects of oil through the lens of options trading.
The sentiment is leaning more bearish than bullish. We're seeing a surge in vertical spreads and butterflies on puts, targeting the $65-60 range for February-March 2025.
If we look at the charts, the price action resembles a 'settling' at the support level of $65-66.
It’s looking like we might see a support break, potentially a swift one, which could send prices down to a lower range, just like we've seen in the past.
But for now, this is just a theory based on price action and the options flow.
The sentiment is leaning more bearish than bullish. We're seeing a surge in vertical spreads and butterflies on puts, targeting the $65-60 range for February-March 2025.
If we look at the charts, the price action resembles a 'settling' at the support level of $65-66.
It’s looking like we might see a support break, potentially a swift one, which could send prices down to a lower range, just like we've seen in the past.
But for now, this is just a theory based on price action and the options flow.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.