About my oil spike thesis presented to CLUB/EDGE clients since Tuesday morning...
Updated:
WTIC continues higher from the Tuesday morning news of Middle East escalation - which I wrote about extensively HERE and HERE.
And as I cover every day live for LaDucTrading.com clients in my trading room - a recording of which is posted here on Substack by 2PM ET for ~$4/day.
WTIC update from my $65.65 bounce/major support level:
Here’s Nat Gas - for which client Anne has been very helpful in recommending/navigating because this is her wheelhouse - that and the chemicals industry.
Client Brian has been waiting for today - and warned to get ready. He’s a big fish in the refiner space.
Now, Look at VLO go go gooo!
PBF is very oversold, WITH a nice trigger above 34.31 wkly close.
Other Refiners of note:
DINO is another like PFB making a bullish engulfing candle on the weekly.
MPC has surged into its 200D but now needs to get/stay > 17.33 wkly close.
PSX needs to get/stay > 138.70 wkly close.
Hans, our derivatives advisor/options mentor, and I discussed how to play XLE at our Wednesday Macro-to-Micro Options Power Hour!
Selling the Nov 88/83 put spread and buying the 92/97 call spread for .31 cents
Just be careful not to let XOM close below 119 monthly support as that is the trigger to go short.
And I warned clients past few days how OVX - oil volatility - looked headed to 55. That' worked.
But even WHEN this volatility tell reverses lower, that doesn’t mean refiners will ;-).
FYI: THIS is the kind of analysis I deliver real-time for clients every day, if interested.
AND: Via recorded trading rooms here on Substack and/in deep-dive market thoughts.
Speaking of which, if you liked THE CHINA BAZOOKA posted here SEPTEMBER 24th - which timed this rally with precision and hopefully made paid subscribers a lot of money… I’ve got a really good one heading your way at 8AM ET Friday for paid Substack subscribers on our China trades so that you can keep that money!
IS THE CHINA BAZOOKA STICKY ENOUGH?