Before the next opec meeting, i will be entering these two buy limits for a long swing trade.
1. I'm certain another opec cut is in the cards, no way the big players are going to let this downslide run.
2. Summer months, hopefully economy starts to recover more people going out = more fuel ... prices for oil naturally go up with demand.
3. Fingers crossed interest rate hikes start coming down to help with this trade.
3 things = amazing yield for oil. I do expect this to be a long term trade 2-3 months maybe.
1. I'm certain another opec cut is in the cards, no way the big players are going to let this downslide run.
2. Summer months, hopefully economy starts to recover more people going out = more fuel ... prices for oil naturally go up with demand.
3. Fingers crossed interest rate hikes start coming down to help with this trade.
3 things = amazing yield for oil. I do expect this to be a long term trade 2-3 months maybe.