$50 Is Solid Support for Oil, TJM's Mulholland Says

The video discusses the current state of the crude oil market, highlighting the shift from long to short positions by money managers and the impact of upcoming G20 and OPEC meetings. Tim Holland from TJM Limited provides insights into the market's reaction to price changes and the role of supply issues. The discussion also covers options activity, noting the high volatility levels and suggesting strategies like vertical spreads over outright options purchases.

What major events are anticipated to influence the crude oil market?

• The World Economic Forum

• The G20 and OPEC meetings

• The Federal Reserve meeting

• The European Central Bank meeting

What is the primary reason for the shift from long to short positions in crude oil?

• A decrease in global demand

• An increase in supply issues

• A rise in crude oil prices

• A change in government policies

What price level is considered solid support for crude oil according to the discussion?

• $60

• $70

• $40

• $50

How has the VIX for crude oil changed recently?

• It has decreased significantly

• It has remained stable

• It has almost tripled

• It has doubled

What trading strategy is suggested given the current volatility in the crude oil market?

• Investing in futures

• Selling options

• Buying options outright

• Doing vertical spreads