Riding The Gravy Train: Buying Oil, USO, UCO,

Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Wednesday, November 18, 2015

Buying Oil, USO, UCO,


Oil has a compelling setup.


Crude Oil Monthly:



Crude Oil Weekly:



Taking a position against the widespread bearish sentiment on oil, we're going long and will close out of the position and re-evaluate it should crude close below $40 for three successive sessions.

The United States Oil Fund holds near-month NYMEX futures contracts on WTI crude oil.

The ProShares Ultra Bloomberg Crude Oil ETF provides 2x the daily return of an index that measures the performance of crude oil as reflected through futures contracts of light sweet crude oil.




We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.


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