Crude Oil Futures (/CL) Are In A Bullish Situation

Looking at the oil (/CL) option chains, you are seeing some pretty big bets at the $100 strike into September, October, and further out, says Anne-Marie Baiynd of thetradingbook.com. She believes with the pressures companies have with emissions, they will pass these prices along and hit the refining spaces. She says oil is in a contango situation, a bullish indicator. She says traders will buy the dips if there are two, three, or four point drops in a day. She discusses how Copper (/HG) is trading above the 50-day moving average.

Futures

09 Jun 2021

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Crude Oil Futures (/CL) Are In A Bullish Situation

Looking at the oil (/CL) option chains, you are seeing some pretty big bets at the $100 strike into September, October, and further out, says Anne-Marie Baiynd of thetradingbook.com. She believes with the pressures companies have with emissions, they will pass these prices along and hit the refining spaces. She says oil is in a contango situation, a bullish indicator. She says traders will buy the dips if there are two, three, or four point drops in a day. She discusses how Copper (/HG) is trading above the 50-day moving average.

Futures

09 Jun 2021