Crude oil (CRUD) Take profit + 100% !!!

Difficult period, the market in January retraced from the highs of a decided 11%, after the end of the year had not been so excellent in terms of “Christmas rally”.

In these drawdown periods, in addition to cutting losses, accumulating on long-term portfolios, we must try to take home the profits where the market has overperformed.

In my case, oil gave me a + 100% price gain.

The instrument is an ETC which tracks the price of the CL futures! of which I have already written and it is the CRUD.

We are on almost 2-year highs, $ 86 per barrel, and US inventories are above expectations; In my opinion, there will be interventions at the international level to rebalance inflation which, in large part, is due precisely to the insane increase in raw materials.

So I sold, with a 100% gain on my position, since I have a very low purchase price.

For all the reasons I have described and also due to the fact that the market is clearly discounting the news of interest rates, it is, therefore, possible a decrease even fractionated until March-April, so in my opinion, it is very important to have the liquidity to invest when there will be the recovery.

Happy trading
Lazy Bull

DISCLAIMER: I am not a financial advisor nor a CPA . These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.


Lazy Bull