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Light Crude Oil Futures
Short

Short Oil

By ZaphodBeebz
Updated
Oil going to test recent highs after bearish divergence. Travel picking up after covid restrictions relax.

Not professional. Comment your ideas please.
Trade active
Possible H&S forming, currently in downslope of head.

70 strike put Exxon weekly -> roll to March monthly when oil reaches around 85, selling weekly Feb put to offset.
Comment
Sorry I did not finish that thought. As travel picks up world oil producers will want to take advantage of these higher prices and kick on their supply. The cure to higher prices is higher prices.
Trade active
rolling into March monthly 75 put
Comment
selling Feb 70 puts
calendar spread total debit = 1.45
Trade closed: stop reached
Just Wrong.
Crude Oil Futures WTI (CL1!)Technical IndicatorsOilshortTrend Analysis
ZaphodBeebz

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