Oil Set to Take Off

Oil Set to Take Off

With the dollar crumbling and oil inventories decreasing, USO has all the fundamental reasons to take off. Technically, USO is at support from trendline B and so I am going to go long USO Nov 36 calls@1.31. However I will only take a half position in the (seemingly unlikely) event that USO drops to ~35.5 (support from trendline A).

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