Most folks have written off crude oil.

Shernice軒嬣 2000
04-18

Most folks have written off crude oil.

But the pros — the commercial traders who really know this market — are quietly loading up.

$ProShares Ultra Bloomberg Crude Oil(UCO)$ 

$Direxion Daily Energy Bull 2x Shares(ERX)$  

$Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares(GUSH)$  

They’re not chasing headlines. They’re buying value.


With positioning shifting and prices holding strong at key support,

a bounce back to the $75–$80 range might not be so far-fetched. 👀💥

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Comments

  • Ah_Meng
    04-18
    Ah_Meng
    Good point and thanks for the reminder. I am holding strong there. Looking to add
    • Ah_MengReplyShernice軒嬣 2000
      Agree… nobody really knows… what I am watching is actually the treasury bond yields… it has continued to fall, especially those long term ones… it is a concern especially if the yield needs to be pushed higher in order to make a sale… Fed would be worried if no one wants USD… so US debts would be hard selling
    • Shernice軒嬣 2000ReplyAh_Meng
      Expect the unexpected. Interest rate sensitive stocks excluding semiconductor stocks are on the uptrend again. I might be wrong also.
    • Ah_MengReplyShernice軒嬣 2000
      Aus Central Bank, maybe... I doubt US Fed will go that if inflation is rising...
    • Shernice軒嬣 2000
      I believe FED will lower interest rate in Jun, there will be significant upside in stocks
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