Oil lost the monthly trendline, back-tested it twice now and is ready for the fall. 200ma is flat which means a decisive movement is coming. If oil falls, so will yields - signaling deflation which'll cause the FED to cut rates before the election.
Check out my
TLT
thread, I think you could buy OTM calls with that right now, or on
TMF
for August-September and make a killing.
If you're in oil, it wouldn't hurt to hedge right now.
AFTER rates are cut, and the dollar starts going towards 97 THEN oil will blast-off with the second leg of inflation..
NOT FINANCIAL ADVICE!
Check out my
If you're in oil, it wouldn't hurt to hedge right now.
AFTER rates are cut, and the dollar starts going towards 97 THEN oil will blast-off with the second leg of inflation..
NOT FINANCIAL ADVICE!
評論:
Oil will fake breakout and plunge soon
x.com/TTCSteve/statu.../1805990755682681254