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๐Ÿ”ฅWe Called the Top in Oil, Now It's Time to Buy

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๐Ÿ”ฅWe Called the Top in Oil, Now It's Time to Buy

Oil moves in predictable cycles. All signs point to higher prices ๐Ÿ“ˆ

Hanna Kassis
Feb 16, 2023
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๐Ÿ”ฅWe Called the Top in Oil, Now It's Time to Buy

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In my June 22nd post, I noted how oil was about to collapse. Since then, itโ€™s fallen almost 27%.

I believe now is the time to buy. Weโ€™re seeing bullish hammers (i.e. intra-month reversals, where prices sells off, only to rebound = very bullish)

And not only has oil seen positive money flows during this entire sell-off, its turned positive on lower time frames (i.e. daily and weekly).

Now is the time to buy oil. Hereโ€™s how to play it

  • Buy USO 0.00%โ†‘

  • Buy a leveraged ETF like GUSH 0.00%โ†‘

  • Buy an oil pipeline / midstream service company like EPD 0.00%โ†‘

I personally love EPD 0.00%โ†‘ and added it to my portfolio. They have a 23-year history of paying uninterrupted dividends, and currently paying over 7%. Iโ€™m also dollar cost-averaging USO 0.00%โ†‘ buying some every Friday.

Itโ€™s time to blast off for oil, especially as inflation eases and the Fed begins to loosen monetary policy (which isnโ€™t that far away!) ๐Ÿš€

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๐Ÿ”ฅWe Called the Top in Oil, Now It's Time to Buy

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