Strategic Position

 

Strategic positioning is used when fundamental long lasting change in economic activity is identified that will (potentially) affect asset prices.

 

This is the ‘big move’

 

The chart of USO is shown to have two relatively uninterrupted major moves.

 

Just before the second leg down in June – July 2014, Andrew Waldock posted a report on his site that ‘commercials’ were short at record levels.  Tom McClellan also posted a report on 'commercial' traders.  Strategic moves have precursor indications.

 

Note:  During the entire leg down for 2014 - 2015, 'newsletter' writers were caught completely off guard.  They only know how to trade the up-side, so they continuously bombarded the internet with their plans (and advertisements) for picking a bottom and riding oil back to new highs.