BNO Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Increased geopolitical tensions may lead to BNO price spikes as supply disruption fears rise. Historically, similar circumstances have driven significant recovery, suggesting potential upside in the current context.




Bearish Case: An economic downturn could reduce global demand for oil, leading to prolonged price suppression. Current high production levels further exacerbate this bearish scenario, as indicated by elevated implied volatility.




Potential Outcomes:

1. Supply cuts increase prices: 30% chance.

2. Demand falls due to recession: 40% chance.

3. Prices stabilize with minor fluctuations: 30% chance. Probabilities reflect market conditions and historical correlations.




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November 12, 2024


United States Commodity Funds LLC - United States Brent Crude Oil Forecast

BNO        United States Commodity Funds LLC - United States Brent Crude Oil











Correlated Assets

Assets that tend to move strongly with BNO



USO Forecast + Options Trading Strategies   USO  United States Commodity Funds (0.99)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.92)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.91)


CVE Forecast + Options Trading Strategies   CVE  Cenovus Energy (0.85)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (0.85)



Uncorrelated Assets

Assets with little price relationship to BNO



JNPR Forecast + Options Trading Strategies   JNPR  Juniper Networks (-0.0)


COMP Forecast + Options Trading Strategies   COMP  Compass (0.0)


NLY Forecast + Options Trading Strategies   NLY  Annaly (0.0)


CARG Forecast + Options Trading Strategies   CARG  CarGurus (0.0)


TERN Forecast + Options Trading Strategies   TERN  Terns Pharmaceuticals (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against BNO



OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (-0.77)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.78)


COO Forecast + Options Trading Strategies   COO  Cooper Companies (-0.8)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.86)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.99)


BNO News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.










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