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This is Advised 1.1 For Thursday, After Market Hours.
#OIL, $/CL - As of right now, it is pulling back to an area of cyclical support that can allow oil to resume higher, maybe not a new high before the end of the month of March, but definitely buyers. If entering, a stop below 99.80 is feasible, but has very high transaction risk. A better entry is to wait for the range to form and take a breakout of the range next week with a stop below the range. If it breaks 99.80 tomorrow or Sunday, then it will proceed to 90 to 95 quickly.
#Bonds, #Interestrates, $TLT, $TYX- As of right now, it has fallen below the area that I spoke about in Advised #1. If entering, a stop above this weeks high is realistic, as interest rates are going up, and into that 9 year peak expected later this year as stated. Bonds are very, very weak and can continue much lower as rate discussions and rates rise. I dont think this position is a 1 to 10 winner, but it may produce 3 to 1 R:R.
In case you were wondering,
A lot more can be said about these trades, please text me at 803-636-3786 if you have a detailed question.
