AI BNO Forecast + Trading Strategies


Bullish Case: Increased geopolitical tensions and potential supply cuts are likely to drive BNO prices upward. Historical trends show that similar circumstances have previously led to significant price recoveries, supported by elevated implied volatility indicating heightened market interest.


Bearish Case: Persistent economic slowdown and reduced global demand could suppress prices further, with high production levels from OPEC continuing to exert downward pressure. The current market sentiment reflects a bearish outlook, evident in low trading volumes and lower implied volatility.


Potential Outcomes:

1. Supply cuts driving prices up: 30%.

2. Economic slowdown leading to lower demand: 40%.

3. Stability with slight upward adjustments: 30%. These estimates consider recent market trends and historical data correlations.


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September 18, 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)


GSG Forecast + Options Trading Strategies   GSG  BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed (0.95)


UCO Forecast + Options Trading Strategies   UCO  ProShares Ultra Bloomberg Crude Oil (0.94)


VDE Forecast + Options Trading Strategies   VDE  Vanguard Group, Inc. - Vanguard Energy (0.85)


FENY Forecast + Options Trading Strategies   FENY  Fidelity Covington Trust - Fidelity MSCI Energy Index (0.85)



Uncorrelated Assets

Assets with little price relationship to BNO



FNF Forecast + Options Trading Strategies   FNF  Fidelity National Financial (-0.0)


DTE Forecast + Options Trading Strategies   DTE  DTE Energy (0.0)


LAC Forecast + Options Trading Strategies   LAC  Lithium Americas (0.0)


BNS Forecast + Options Trading Strategies   BNS  Bank Of Nova Scotia (0.0)


VTRS Forecast + Options Trading Strategies   VTRS  Viatris (0.0)



Anticorrelated Assets

Assets that tend to move strongly against BNO



SBAC Forecast + Options Trading Strategies   SBAC  SBA Communications (-0.74)


OLPX Forecast + Options Trading Strategies   OLPX  Olaplex (-0.75)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.82)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.85)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.98)





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