May. 7 at 11:31 AM
Oil continues to drop as it falls under the 20 and 50 day moving averages. When the peace deal is made, the oil should immediately tank just under
$80 and gradually erode to below
$70.
That should make oil sensitive travel sector to rally big (
$JETS) and since USD is expected to fall with oil, that will also boost interest sensitive sectors like housing (
$NAIL) and regional banks (
$DPST) to rally.
And of course, when oil and USD falls, money goes to metals (
$SLV $GLD) as well.
Be sure you have some positions on these.