Crude Oil ETF (USO)
Like the rest of the world, I want oil!
Oil has been consolidating over the past couple months, after seeing wild swings driven by interrupted supply and unpredictable demand (I’m looking at you, locked-down Shanghai).
However, the price of oil has found its floor, and now oil is heading back up as we go into the summer driving season, and the war in Europe continues to affect supply.
Not to mention — oil is one of the only proven protection against inflation — which is getting even worse than predicted.
That’s why we want to get ourselves broad exposure to the entire oil market — using the Crude Oil ETF USO.
When USO hits 80, we want to go long — with a target 25% higher, at 100.
As prices rise throughout the economy, oil will keep up. So this play isn’t just about growing your money, but also protecting it.
Today, there aren’t many safer places to be.
Til next week, good trading,
Free Training: 60-Minutes to Trading Freedom
Would you like to make more money in one hour of fun trading than working all day at a job?
Then check this out…