🔥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!) 🚀