This is the type of story we look for as traders. The US is trying to bring Iran Oil Exports down to ZERO and this could create a trading opportunity for us.
Now, there are many types of Oil that you can look at but we're going to focus on Brent (BZ) and Crude Oil Futures (CL).
What's the difference?
CL – Is US Oil.
BZ – Oil coming out of the North Sea (You could think of it as European Oil).
We can take a look at their relationship by charting them against each other: /CL-/BZ (refer to the video).
The idea we've come up with is to get long US Oil. But how?
I like $CLR and in this video, I'm going to tell you exactly why.