🔥We Called the Top in Oil, Now It's Time to Buy
Oil moves in predictable cycles. All signs point to higher prices 📈
In my June 22nd post, I noted how oil was about to collapse. Since then, it’s fallen almost 27%.
I believe now is the time to buy. We’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. Here’s how to play it
Buy USO 0.00%↑
Buy a leveraged ETF like GUSH 0.00%↑
Buy an oil pipeline / midstream service company like EPD 0.00%↑
I personally love EPD 0.00%↑ and added it to my portfolio. They have a 23-year history of paying uninterrupted dividends, and currently paying over 7%. I’m also dollar cost-averaging USO 0.00%↑ buying some every Friday.
It’s time to blast off for oil, especially as inflation eases and the Fed begins to loosen monetary policy (which isn’t that far away!) 🚀