Public trading strategy
Iran threats put global oil supply at risk while reserves hit danger zone — ride
Thesis
The price of oil spikes whenever there is a threat to the world's oil supply, like the current conflict near Iran. Right now the situation is extra risky because experts say global backup supplies have been drained so much that an actual disruption could send prices soaring to $135 a barrel. By buying oil-related funds while the news is breaking, you position yourself to profit if those fears push prices even higher in the coming days. It's a fast-moving situation, so this is a short-term trade rather than a long-term hold.
Strategy approach
Build a rule-based strategy that enters long USO on the D1 timeframe when price closes above the upper Bollinger Band (20, 2) or when RSI(14) > 60. Exit if RSI(14) < 40 or after a 10-day max hold.