BNO Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Improved geopolitical stability and increased demand, evident from rising call option volumes, suggest potential price recovery.




Bearish Case: Economic slowdown and elevated implied volatility indicate potential price decline, supported by historically bearish outcomes.




Potential Outcomes: 30% geopolitical stability raises prices, 40% economic downturn lowers demand, 30% stable prices with minor fluctuations.




Trading Oracle: Consider a bearish credit spread by selling BNO 31.00 C and buying BNO 32.00 C expiring in ~15 days. High probability of profit, appealing risk/reward profile, and 84% market odds of profitability.



January 03, 2025


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



FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.89)


WFRD Forecast + Options Trading Strategies   WFRD  Weatherford International plc - New (0.78)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.77)


CLSK Forecast + Options Trading Strategies   CLSK  Cleanspark (0.63)


PSX Forecast + Options Trading Strategies   PSX  Phillips 66 (0.63)



Uncorrelated Assets

Assets with little price relationship to BNO



AMPS Forecast + Options Trading Strategies   AMPS  Altus Power (-0.0)


VIST Forecast + Options Trading Strategies   VIST  Vista Oil & Gas Sab De Cv (0.0)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (-0.0)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (-0.01)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against BNO



COMM Forecast + Options Trading Strategies   COMM  CommScope (-0.65)


VSCO Forecast + Options Trading Strategies   VSCO  Victoria's Secret (-0.68)


EPR Forecast + Options Trading Strategies   EPR  EPR Properties (-0.69)


RDFN Forecast + Options Trading Strategies   RDFN  Redfin (-0.69)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (-0.7)









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