Oil will fall signaling a recession and bonds will soar!
Oil lost the monthly trendline, back-tested it twice now and is ready for the fall. 200ma is flat which means a decisive movement is coming. If oil falls, so will yields - signaling deflation which'll cause the FED to cut rates before the election.
Check out my
TLT thread, I think you could buy OTM calls with that right now, or on 
TMF for August-September and make a killing.
If you're in oil, it wouldn't hurt to hedge right now.
AFTER rates are cut, and the dollar starts going towards 97 THEN oil will blast-off with the second leg of inflation..
NOT FINANCIAL ADVICE!
Check out my
TLT thread, I think you could buy OTM calls with that right now, or on TMF for August-September and make a killing. If you're in oil, it wouldn't hurt to hedge right now.
AFTER rates are cut, and the dollar starts going towards 97 THEN oil will blast-off with the second leg of inflation..
NOT FINANCIAL ADVICE!
Note
Down no matter what, how far is a matter of discussion. Maybe I'm overshooting it...x.com/TTCSteve/status/1805990755682681254
Note
Oil will fake breakout and plunge soon
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.