Crude Oil (WTI) - Long; Load up on it!

Mar 4, 2023

Just a near term play here on the anticipated, transitory USD weakness.
The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.)

Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O

The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.

Mar 8, 2023

Trade active

Loaded up LONG here ...

... on the Futures, too . Tight Stops!

Mar 11, 2023

Note

CL - (very!!) LONG

This is sitting at the bottom of that $85-$95 range, having already formed a huge accumulation zone. This is the place to load, LONG!
(I've managed to pick up 220x June 95C, last week.)
Resistance zones are at $80 and $85, after which it's a strait shot to $95.

Mar 13, 2023

Note

Should this drop down a little here, ...

... will be buying that Stop Hunt (@76.11) something fierce!

Mar 13, 2023

Note

This could come down even a little more than previously thought;

Looking to Buy in the 75.40s, above the PRZ.

Mar 13, 2023

Note

Buy it up! - LONG