Crude Oil vs Silveris Cheap Again

The chart shows USOIL relative to Silver in a buy area again.

USO (Crude oil futures ETF) is favorable choice to invest in crude oil since it benefits from current backwardation in future contracts.

Target for USO : $80
Time period: 3 months.

Trade suggestion:
Buy USO at 73
Sell Covered call at 75 for Dec above $3.65-$4 per share premium.
Chart PatternsFundamental AnalysisSilverTrend AnalysisUSOCrude Oil WTIusoilidea

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