Very clear indicator here.
Crude could certainly go lower but the economy is opening sooner than later. Not an opinion, it's just a matter of time.
Crude won't skyrocket back to $40 but it is definitely oversold.
I bought XLE 9/18 $55 Calls. It gives me exposure to the broad market while benefiting from oil rising.
Crude could certainly go lower but the economy is opening sooner than later. Not an opinion, it's just a matter of time.
Crude won't skyrocket back to $40 but it is definitely oversold.
I bought XLE 9/18 $55 Calls. It gives me exposure to the broad market while benefiting from oil rising.