BTU - Extremely Oversold, Rally in Store
BTU is down 10% today, following a ~5% slide in WTI, pushing the U.S. crude benchmark to $50, and a 6% decline in Brent, which is down to $53. With today's drop, BTU has fallen 65% since the beginning of 2014.
I like the odds of a rally here, with BTU's extremely oversold levels, nearby TL support, bullish RSI divergence since October and the psychological support level of $50 Brent. Took this trade by picking up some Mar '15 $7 calls trading for $0.85 per contract and Jun '15 $7 calls trading for $1.24 per contract. Given today's drop from $7.74 to $6.97, these contracts look very cheap.
1.5.15 - 2:06pm EST
I like the odds of a rally here, with BTU's extremely oversold levels, nearby TL support, bullish RSI divergence since October and the psychological support level of $50 Brent. Took this trade by picking up some Mar '15 $7 calls trading for $0.85 per contract and Jun '15 $7 calls trading for $1.24 per contract. Given today's drop from $7.74 to $6.97, these contracts look very cheap.
1.5.15 - 2:06pm EST
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.