Long term view on oil - Use DWTI as indicator for long entry

10 de dez. de 2015

I've been using DWTI (Inverse ETF of oil) as an indicator to time oil. My projection is DWTI will hit $255 per share when oil is trading in the low 30's. At that point I will go long oil and expect DWTI to trade lower. Why DWTI? Because the structure is extremely clear to me whereas oil shows a lot of POTENTIAL bottoms. DWTI, although a derivative of real price, has very clear signals for topping, which is obviously good for oil.

6 de jan. de 2016

Nota

7 de jan. de 2016

Nota

This trade may become invalid. If DWTI opens above my blue box I will not initiate a trade. This definitely looks like it will happen.

9 de jan. de 2016

Ordem cancelada

THE BREAKOUT IN DWTI INVALIDATES A LONG TRADE IN OIL. I'm becoming more convinced oil is headed to $22.

17 de jan. de 2016

Nota

My "Extremely Unlikely" area is now far from extremely unlikely. I am inclined to believe that the $16 level has become more likely than the $40 level in the near future.

6 de abr. de 2016

Nota