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Bullish Divergence
CFDs on WTI Crude Oil
Long
Bullish Divergence
By bi40ptions
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Apr 18, 2020
9
Cheer
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1
Apr 18, 2020
Very clear indicator here.
Crude could certainly go lower but the economy is opening sooner than later. Not an opinion, it's just a matter of time.
Crude won't skyrocket back to $40 but it is definitely oversold.
I bought XLE 9/18 $55 Calls. It gives me exposure to the broad market while benefiting from oil rising.
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