Hitting suppoort around 43, sideways & up
Crude is hitting some support as it come close to the (blue) up-sloping trendline at around 43.
Additionally the 200 day MA is right around that area.
We are oversold in terms of Bollinger, RSI and Stochastik, with the Stochastik generating a buy signal
Should the market break, targets on the downside at 39, 35 and contract low at 26ish....
Option idea:
IMHO selling put spreads. I would avoid purchasing any upside premium of any kind
Additionally the 200 day MA is right around that area.
We are oversold in terms of Bollinger, RSI and Stochastik, with the Stochastik generating a buy signal
Should the market break, targets on the downside at 39, 35 and contract low at 26ish....
Option idea:
IMHO selling put spreads. I would avoid purchasing any upside premium of any kind
