Hurricane season looks to be heating up here so now might be a good time to dust off the ol’ hurricane plays. If things develop further, I like the idea of getting long oil via $UCO, as the commodity is due for a bounce.
Here’s a daily chart of UCO. I’m looking to get long on strength while using yesterday’s low to manage risk. If this thing develops, we may have a great entry right here, right now:
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Keep this thing on watch:
