Looks like you were right about crude. /CL is making a nice jump higher. My XLE calls needed the help. Got tons of time on them like 260+ days so I wasn't sweating it. I buy waaaay out in time options.
It represents the price of crude oil on the futures market which means that people are anticipating that price in the future and are willing to lock it in today
Thanks for all you do brother
Looks like you were right about crude. /CL is making a nice jump higher. My XLE calls needed the help. Got tons of time on them like 260+ days so I wasn't sweating it. I buy waaaay out in time options.
trump-Dummies....how's Making America Great Again workin' out fer ya'? Hahahahahahahaaaaa! 🤣 🤣 🤣
again: wti seasonal
https://www.seasonalcharts.de/img/ENERGY-FUT/CRUDEOIL.GIF
Yes Sir, Very Good Information!!!
Would love to hear a video breaking down what this chart means, thanks Greg!
It represents the price of crude oil on the futures market which means that people are anticipating that price in the future and are willing to lock it in today
I wonder if an increase in crude directly correlates an increase in gasoline... costs of production are going down and gas is heavily subsidized