Oil, now trading around $90 a barrel has a potential to reach $100 a barrel and beyond if unrest in the middle east continues.
Time to buy bullish oil ETFs is now! Seriously!
For instance the OIL ETF has surged to 4.83% (see chart below), and will trade even further as more unrest in the middle east is on the horizon.
The OIL ETF on the chart below;
Second, the USD index. Investors are returning to the safe haven of the US Dollar, trading around 78 points now this index is a bargain! For cautious investors like myself, take out an bullish options position (call option) on this index with an expiration of no more then 2 months.
If you are trading Forex, a bearish position on the EUR/USD wouldn't be unwise. This pair could pull back very fast if turmoil in Egypt keeps up.
Here's what the USD index looks like right now (this time I put the RSI behind the index to indicate the undersold condition of this index);