USO - Grade: A

With the last few months absolutely destroying oil, we’re looking for a few months of recovery.


First post - Dec 26 2018

Crude Oil

Crude Oil now at a major support level on the monthly chart. Going to be entering my medium term oil long position.

USO

Expiration - Feb 15 2019

Strike - 9.5 and 10 strike puts

Stop - Crude breaks below support

Target - Crude back to 52.80 range (monthly resistance)

Update Wed Jan 23 2019

USO

Movement is looking ripe for another move up. Adding to the position.

Expiration - Mar 15 2019

Strike - 11 strike calls

Stop - If the wedge fails and goes bearish

Target - Just letting Oil go bullish for a few weeks.

In PlayAaron Gose