Oil trade with Bullish outlook

Oil hit a low of about $43 in the Futures market (/CL) a week ago, and since then it’s been going up, around $52 now. So what’s the outlook going forward ?


The simple answer is of course, we don’t know, but if you felt Oil has hit a bottom, and over the 12 months, you felt it was going to go higher, then here’s a trade idea that can potentially maintain a bullish bias while at the same time takes advantage of a flattish price action or even a down move.


The strategy is a Diagonal, on one of the most liquid instruments, USO which is the Oil ETF.


The video analyzes sentiment by looking at Open Interest.


Watch video below.


Share this Article

Leave a Reply

Your email address will not be published. Required fields are marked *

Get access to Free Courses, E-Books, Market Updates and 500+ Video Library.

Join Free Now!

Futures and Options carry risk and may not be suitable for everyone. OptionTiger is an educational site, and is not a financial adviser or broker. If you need professional investment advice, please consult a registered investment adviser. All stocks, ETFs, commodities, Indices and other securities mentioned in our courses are for educational and illustrative purposes only, including all mention of Returns, Margin Calculations, and different Margin types. By visiting our site and accessing material, you are implicitly agreeing to these terms.
Copyright © 2012 to 2018 - All Rights Reserved by OptionTiger.com