$CL_F: Oil futures long

٢٦ يناير ٢٠٢٣

Low risk trade here, check out how the hourly, daily and weekly time-frames interact, giving a lot of upside room with very limited downside risk here.
Best of luck!

Cheers,

Ivan Labrie.

٢٦ يناير ٢٠٢٣

تم فتح الصفقة

Daily signal triggered as expected...
Let's see how it goes.
Sorry for the noises, my daughter was playing with some stuff in the background haha.

٢٦ يناير ٢٠٢٣

ملاحظة

Sold futures, will use proceeds to buy OTM calls in USO.

٢٦ يناير ٢٠٢٣

ملاحظة

I bot back my oil futures position, the calls don't look as appealing, but I will hold them until I can exit in profit.

٢٧ يناير ٢٠٢٣

ملاحظة

Banked futures...holding calls.

٣٠ يناير ٢٠٢٣

تم إغلاق الصفقة يدويًا

I took a loss on the calls, overall net profit but now the setup looks dead, trend can trigger a bearish signal in the daily today.

Maybe Barron's 'Invest in China' cover is to blame (everyone was hyped with China reopening as a driver of commodities and EM returns, but it seems the thesis could be wrong given China's economic weakness).