OIL going to make BIG move soon
1/2
We sold most longs in #OIL, trailing position left
Been going long
UCO & shorting puts @ lows
We want back in, why?
There's something brewing in middle east area
More on this later
Chart is too much, explain in next post
USO 
CVX 
XOM 
MPC 
SUN
-
2/2
Short term #oil is on a slight uptrend (white)
It also more recently trades in channel (yellow)
Longer term it's HUGE Head & Shoulder (top)
If there is #war is larger conflict in middle eastUCO & oil will rally hard
However, if there's nothing, it'll crater, temporarily
We sold most longs in #OIL, trailing position left
Been going long
UCO & shorting puts @ lowsWe want back in, why?
There's something brewing in middle east area
Chart is too much, explain in next post
USO CVX XOM MPC SUN-
2/2
Short term #oil is on a slight uptrend (white)
It also more recently trades in channel (yellow)
Longer term it's HUGE Head & Shoulder (top)
If there is #war is larger conflict in middle east
UCO & oil will rally hardHowever, if there's nothing, it'll crater, temporarily
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