Crude oil challenging the consolidation

Discussion in 'Technical Analysis' started by countryBoy641, May 8, 2024.

  1. Start here

    $WTIC_2Years.jpg

    Zoom in with the ETF
    A large bull pennant forming:

    USO_4.jpg

    A Positive Div forming on the hourly chart

    USO_6.jpg

    No hedges on (Covered calls)
    See what happens
     
    Last edited: May 8, 2024
    semperfrosty likes this.
  2. mervyn

    mervyn

    my weekly staple CL trades are to sell puts, it has been profitable. unless it is under $70, i rarely buy the underlying.